Government and Regulatory
According to sources, China is getting close to announcing a revised National Reimbursement Drug List (NRDL), the group of drugs covered by China’s national insurance plan. There will be 300 additions, 130 of which will be chemical drugs. The rest will be traditional Chinese medicines. This is the first update of the NRDL since 2009. Last May, China negotiated steep price cuts on several breakthrough drugs, and these still-expensive treatments are expected to become part of the new list. These include Viread from GlaxoSmithKline (NYSE:GSK); Iressa from AstraZeneca; and Icotinib from Zhejiang Beta Pharma.
Deals and Financings
Vincent Medical Holdings (HK: 1612) of Hong Kong made a $3 million investment into Israel’s Inovytec Medical Solutions, a company that makes medical devices for emergency medicine and trauma care. Vincent will own 15% of Inovytec and also gain rights to manufacture and distribute Inovytec’s three medical devices in greater China. Inovytec’s products address emergency needs for airway management, oxygen therapy and defibrillation. Vincent Medical, also a medical device company, claims to be the second largest exporter of respiratory and anesthesia disposables in China.
Hot Medical Stocks To Buy For 2019: Enerplus Corporation(ERF)
- [By Money Morning News Team]
Enerplus Corp. (NYSE: ERF) is a $2.1 billion oil company based in Calgary and trades on both the NYSE and Toronto Stock Exchange. ERF primarily produces crude oil in the Bakken fields in North Dakota and Western Canada.
Hot Medical Stocks To Buy For 2019: NxStage Medical, Inc.(NXTM)
- [By Lisa Levin]
In trading on Thursday, healthcare shares dipped by 0.51 percent. Meanwhile, top losers in the sector included NxStage Medical, Inc. (NASDAQ: NXTM), down 8 percent, and Valeant Pharmaceuticals Intl Inc (NYSE: VRX), down 9 percent.
Hot Medical Stocks To Buy For 2019: EnLink Midstream Partners, LP(ENLK)
- [By WWW.MONEYSHOW.COM]
EnLink Midstream Partners (ENLK) is sponsored by independent oil and gas exploration giant Devon Energy (DVN), the owner of this acreage.
These basins offer superior economics and EnLink’s close relationship with Devon provides leveraged exposure to the upstream operator’s accelerating activity in these plays.