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Traditional chinese medicine: opportunities for the pharma industry

Traditional Chinese Medicine: Current Landscape and Opportunities for the Pharma Industry

16 June 2020 | Alcim's articles

Traditional Chinese Medicine (TCM) often raises doubts with its unconventional use of tonics and needles to treat diseases. This ancient form of medicine has since been gaining acceptance outside of China and even being practiced by Western doctors in renowned hospitals. TCM has grown into a huge industry. In China alone, sales revenue of TCM reached 742.7 billion yuan (about 96.6 billion euro) in 2017.

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