China is funding the future of American biotech [TechCrunch Blog]
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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Source: TechCrunch Blog
Deficiencies in China’s health sector has historically led to troublesome outcomes. Now the government is jump-starting investment through supportive policy. (Photo by Alexander Tessmer / EyeEm via Getty Images) They say successful startups identify real problems that need solving. Marred with inefficiencies, poor results, and compounding consumer frustration , China’s health industry has many . Outside of a wealthy few, citizens are forced to make often lengthy treks to overcrowded and understaffed hospitals in urban centers. Reception areas exist only in concept, as any open space is quickly filled by hordes of the concerned, sick, and fearful settling in for wait times that can last multiple days. If and when patients are finally seen, they are frequently met by overworked or inexperienced medical staff, rushing to get people in and out in hopes of servicing the endless line behind them. Historically, when patients were diagnosed, treatment o
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