Market Opportunity

Population of 1.3 billion consumers with increasing disposable incomes

Chinese government will spend RMB124 billion in the next three years on healthcare reform

China’s entire drug market estimated at $122B in 2008; projected to be the 5th largest pharmaceutical market by 2010 and the largest by 2050

Expanding government-backed healthcare policies and reimbursement systems

Growing elderly population is accelerating demand for drugs for seniors

11% of population is over 60 years old; to reach approximately 30% by 2045