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In the 1990s several big pharmaceutical firms, including Bayer AG of Germany, Eli Lilly and Pfizer, formed alliances with Chinese research institutes or companies that specialized in traditional Chinese medicines, aiming to apply modern drug-hunting techniques to screen Chinese herbal medicines for potential Western blockbusters.
FORBES: Magazine Article
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In the 1990s several big pharmaceutical firms, including Bayer (nyse: BAY - news - people ) AG of Germany, Eli Lilly and Pfizer, formed alliances with Chinese research institutes or companies that specialized in traditional Chinese medicines, aiming to apply modern drug-hunting techniques to screen Chinese herbal medicines for potential Western blockbusters.
FORBES: Ancient Secrets
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One such beneficiary is China Shineway Pharmaceutical, which makes traditional Chinese medicines.
FORBES: Correction Appended
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New wealth has boosted demand for costly traditional Chinese medicines.
ECONOMIST: Can tigers and people co-exist?
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More than 150, 000 over-the-counter traditional Chinese medicines containing - or purporting to contain - tiger bone and parts from other critically endangered species are sold in the United States.
BBC: Tiger killings must stop says WWF
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The Hong Kong company aims to strike gold by expanding the global appeal of traditional Chinese medicines and by using modern drug development methods to unearth new drugs within Chinese medicinal herbs.
FORBES: Magazine Article