What Chinese Drug Company's Move Could Mean For Md. | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

What Chinese Drug Company's Move Could Mean For Md.

Play associated audio
Gov. Martin O'Malley and Tasly Group Chairman Yan Xijun at the company ceremony in Shanghai, China.
Bill Marcus
Gov. Martin O'Malley and Tasly Group Chairman Yan Xijun at the company ceremony in Shanghai, China.

The company is preparing to conduct Phase III clinical trials of a traditional Chinese medicine product called Compound Danshen Dripping Pills. The company claims they help prevent coronary disease. This would be the first traditional Chinese medicine to receive FDA approval.

Tasly's chairman, Yan Xijun, says the Danshen pills are preventative: They stimulate blood circulation and they provide more blood and oxygen to the heart in order to relieve angina. Marcus says they market the pills in 15 countries as a drug and 32 countries as a dietary supplement. He says the company makes about $154 million a year and is a "number one seller."

Specialists for economic development in Maryland told Marcus the long-term tax impact in Maryland is unknown, but they do say that in the next three years there will be about 150 people who will have good-paying jobs in the biotech industry.

Why Maryland? Marcus says the state was chosen in part because it houses 58 different federal facilities, including the National Institutes for Health and the National Institute of Standards and Technology and the Food and Drug Administration. There are also agritech and high-tech companies. These resources, along with Johns Hopkins University, could become partners for research and development.

Next on O'Malley's itinerary on his 10-day tour is a trip to Nanjing to see Johns Hopkins' educational program there. Marcus says he'll then go to Beijing, followed by Korea and Vietnam. O'Malley's not traveling alone; he has about 70 academic and business leaders.

"The reason why he's here and they're all here is because for China it means quite a bit to have your chief public officer here with you, and it opens a lot of doors for you if you are a business," Marcus says. "So what he's doing here is playing a very key ceremonial role in connecting Maryland to its China trade partners and prospective trade partners."

NPR

'Little House,' Big Demand: Never Underestimate Laura Ingalls Wilder

Wilder's memoir reveals that she witnessed more violence than you'd ever know from her children's books. The South Dakota State Historical Society can barely keep up with demand for the autobiography.
NPR

Coffee Horror: Parody Pokes At Environmental Absurdity Of K-Cups

The market for single-serving coffee pods is dominated by Keurig's K-Cups. But they aren't recyclable, and critics say that's making a monster of an environmental mess. Meet the K-Cup Godzilla.
WAMU 88.5

Maryland's Biggest Campaign Donors Didn't Get Results In 2014

A lot of dollars from big donors went toward Democrat Anthony Brown's loss in the gubernatorial election.

WAMU 88.5

Concerns About Digital Snooping Spur Bipartisan Legislative Push In Va.

Former state Attorney General Ken Cuccinelli and the ACLU are supporting legislation that would limit the ability of law-enforcement and regulatory agencies to collect information and build databases without a warrant.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.