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Saturday, November 21, 2009
News Making Money

China launches new swine flu medicine that cures in 3 days

03/11/2009 12:36 (18 Day 04:17 minutes ago)

The FINANCIAL -- According to RIA Novosti, sales of a traditional Chinese medicine against swine flu, which its producer says is especially effective for children, have been launched in China, a local newspaper said on November 3.

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The China Daily quoted the deputy head of the Beijing traditional Chinese medicine bureau as saying that children with the flu should be cured with "No 2 Cold Medicine" within three days.

 

"Some children will be cured with only one dose, while others might need two," Tu Zhitao said.

 

The World Health Organization said it was not familiar with the traditional Chinese medicine recommended for children and could not comment, the paper said.

 

Tamiflu and Relenza are so far the only two approved antiviral drugs that are available for treatment of the H1N1 virus.

As the number of H1N1 cases reached 6,196 in Beijing as of Monday, 20 traditional Chinese medical hospitals opened 24-hour anti-H1N1 departments, the paper said.

 

An unidentified bureau official said the traditional Chinese medicine is very effective and does not harm the stomach, unlike western medicines. "Chinese medicine does not have this side effect. This No 2 cold medicine is an upgrade of former anti-flu medicines," the paper quoted her as saying.

 

Other experts said the medicine is basically the same as an ordinary Chinese anti-flu drug.

 

Nearly 50,000 confirmed swine flu cases have been reported in China. Seven people have died of the disease and 118 are in critical condition.

 

China was the first country to complete tests of a swine flu vaccine and started the vaccination campaign in September. The country plans to produce up to 360 million doses of the vaccine, and is set to allocate a total of $725 million on efforts to curb the disease.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (02:59 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (06:13 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.







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