Bayer buys Dihon to add traditional Chinese medicine

[riky]

Bayer buys Dihon to add traditional Chinese medicine

<p><a href="http://news.yahoo.com/bayer-buys-dihon-add-traditional-chinese-medicine-103141077--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/bk8db.m7LCV4sty45LHfCA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-27T103141Z_2_CBREA1Q0RPC00_RTROPTP_2_GERMANY.JPG" width="130" height="86" alt="The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal" align="left" title="The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal" border="0" /></a>By Ludwig Burger FRANKFURT (Reuters) - Bayer said it would buy privately held Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines (TCM), as the German drugmaker pushes to become the world's largest non-prescription medicines group. With China's healthcare spending forecast to nearly triple to $1 trillion by 2020 from $357 billion in 2011, according to consulting firm McKinsey, the country is a magnet for makers of medicines and medical equipment, but many patients remain strongly attached to traditional approaches. &quot;What's growing the most within Chinese healthcare is traditional medicine. It's a strong part of their culture,&quot; said Lilian Montero, a healthcare analyst at Swiss bank Julius Baer.</p><br clear="all"/>

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