Guest guest Posted May 19, 2001 Report Share Posted May 19, 2001 Hope for rhino, tiger as Chinese biotechnology seeks substitutes May 14, 2001 (Xinhua via COMTEX) -- World (2) Molecular biotechnology will be used to discover the effective components in mineral medicines, and to remove the heavy metal components in traditional medicines, he said. In order to protect endangered animals and plants, Tongrentang is looking for substitutes for musk, rhinoceros horn, tiger bone and liquorice, which have been used in traditional Chinese medicines. On the other hand, the firm will invest heavily in setting up herb planting centers. Li said that Tongrentang is no longer a workshop with a pungent drug smell and dust. Instead, the whole production process is operated by computer. " We will establish 100 chain stores all over China within three years to compete with international pharmaceutical companies, " said Mei Qun. Ranking first among China's 50 largest traditional Chinese medicine producers, Tongrentang currently produces over 800 varieties of medicines, and its total sales value last year exceeded 2.5 billion yuan. The export value of Tongrentang last year increased nearly one quarter compared with the previous year. On the basis of the enlarging market in Southeast Asia, the company will strengthen development in the markets of Europe and the United States. Tongrentang has set up joint ventures in Malaysia, Australia, Britain and other countries and regions. Copyright 2001 XINHUA NEWS AGENCY Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.