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The pandemic is boosting sellers of traditional medicine

The Economist LogoThe Economist1 mo ago

The pandemic is boosting sellers of traditional medicine

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Both companies have outperformed Pfizer and AstraZeneca, two Western producers of indisputably effective covid-19 vaccines (see chart).

As earnings go, makers of traditional medicines have a big advantage: their reliance on ancient wisdom saves them billions in research-and-development costs.

His government has praised traditional Chinese medicine’s “positive impact on the progress of human civilisation”.


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Article Details

Category: EconomyFinance

Topics: Belarus AstraZeneca Pfizer Pharmaceutical drug Factory Therapy Pharmaceutical Medicine Traditional Chinese medicine China Therapy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 09:17:21

News Timezone: GMT -5:00

News Source URL: economist.com

Language: English

Reading Time: 3 minutes read

Article Length: 419 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22873

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About The Economist

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Main Topics: EconomyFinance

Official Website: economist.com

Update Frequency: 5 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 2d ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #36

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