Related News
Ali Health falls as rule change to hit sales
Print Edition
SHARES of Hong Kong-listed Alibaba Health Information Technology Ltd sank 14 percent yesterday after the company said a regulatory change might adversely affect its business operations.
The China Food and Drug Administration said it would suspend the Product Identification, Authentication and Tracking System while it drafts changes to regulations on monitoring drug sales, the regulator said in a statement on its official website over the weekend.
“There could be a material adverse impact on the company’s revenue, business and operations,” Ali Health said in a filing to the Hong Kong stock exchange yesterday.
Ali Health said it doesn’t have sufficient information to accurately estimate the impact on its financial results and operating performance.
Caixin magazine reported on its website that China FDA is preparing an open tender to procure the services from a third-party service provider, citing an unidentified source with knowledge of the matter.
Ali Health said it has been providing technical support and maintenance services for the drug tracking system and China FDA is the owner of the system.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
