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Thomson Reuters Introduces a New Solution to Boost Competitive Advantage in China's Generics and API Market
Date:6/23/2008

Industry Leader in Generic Market Information Offers Newport Horizon

Premium

SHANGHAI, China, June 24 /Xinhua-PRNewswire/ -- Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced at CPhI China 2008(1) the release of Newport Horizon Premium, designed specifically for professionals working in product selection, business development, competitive intelligence and API (Active Pharmaceutical Ingredient) sourcing. Their use by generic and OTC (Over the Counter) pharmaceutical companies and API manufacturers in China and worldwide will enable them to find the most appropriate product development opportunities more quickly.

This new solution offered by the Scientific business of Thomson Reuters will help provide a competitive boost to China's pharmaceutical industry which has seen substantial growth in the generic and API sectors in recent years. The number of Type II US Drug Master Files(2) (DMFs) granted by the US Food & Drug Administration, to Chinese headquartered companies has increased almost 10-fold since 1999, far exceeding the rate of growth to companies headquartered in other markets, according to Thomson Reuters' Centre for Medicines Research (CMR) International 2008 R&D Factbook ( http://www.cmr.org ).

Said Dr. David Liu, Senior Director and Head of China Regional Business Unit for the Scientific business of Thomson Reuters, ''These forecasts indicate the vast market potential of pharmaceutical enterprises in China which have a critical need for authoritative generics market information in order to gain a clear advantage over competitors. As the industry authority on the global generics market, we recognize this and developed Newport Horizon Premium to help customers improve productivity, accelerate time to market, and gain that competitive edge in the generics marketplace.''

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SOURCE Thomson Reuters
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