Budget 2014 on healthcare allocation is 22.1 billion. Hovid berhad will continue to benefit from supplies to govt. current supplies to govt is a drug called Metformin which is a diabetes drug .the govt recognize that diabetes is alarming as they have cut subsidy on sugar. There will be more on switching on branded diabetes drug to Hovid 's quality diabetes range.
Hovid 's Metformin contract to govt will be renewed year end. estimation worth 15Mil a year.
Hovid teams up with Sanofi Winthrop for generic drug manufacturing which supplies to the government. Sanofi is global's big pharma. Government has always been trying to switch to more generic drugs in govt hospitals. Today budget will see more of commitment of generic drugs supplies.
Budget 2014 on healthcare allocation is 22.1 billion. Hovid berhad will continue to benefit from supplies to govt. current supplies to govt is a drug called Metformin which is a diabetes drug .the govt recognize that diabetes is alarming as they have cut subsidy on sugar. There will be more on switching on branded diabetes drug to Hovid 's quality generic diabetes range.
Budget 2014 allocated 3.3 Bil for the purchase of medicine. Hovid is part of Economic Transformation Plan (ETP) by the govt to switch branded original drugs to generic in order for govt to contain healthcare cost that balloons yearly. More new supplies to the govt will be announced very soon.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KY Lau
58 posts
Posted by KY Lau > 2013-10-25 19:47 | Report Abuse
HealthAdditional 6,400 nurses in government hospitals.RM3.3 bil for medication and medical equipment.