Tag: Pharmacie

  • Ecmoho Pharmacie plans US$100 million IPO

    Ecmoho Pharmacie plans US$100 million IPO

    Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion.

    According to sources cited by Bloomberg, the IPO may take place as early as this year.

    The company has declined comment on the matter and sources say the exact timing and the target to be raised may yet change.

    Based in Shanghai, Ecmoho distributes supplements and pharmaceuticals online. As well as selling direct it has stores on JD and Alibaba’s platforms.

    Ecmoho launched in 2002 as an online marketing service, transitioning into e-commerce in 2006, before sharpening its focus on the health sector in 2011. It sells products from domestic manufacturers and global brands.

    Besides Mainland China and Hong Kong, the company operates in the US, Europe and Asia Pacific.

  • Mong Kok retailers raided in illegal pharmaceuticals hunt

    Mong Kok retailers raided in illegal pharmaceuticals hunt

    Three Mong Kok retailers were raided this week in a joint operation involving police and Department of Health officials.

    The stores were reported to health officials by a member of the public who suspected the illegal sale and possession of unregistered pharmaceutical products.

    “Preliminary investigation indicated that the external preparations seized during the operation contained controlled ingredients including hydrocortisone, prednisolone, triamcinolone acetonide and clindamycin,” a DoH spokesman said.

    “Hydrocortisone, prednisolone and triamcinolone acetonide are Part 1 poisons, which are steroidal drugs for treating inflammation. Inappropriate or excessive application of the drugs could cause skin problems.

    Clindamycin is an antibiotic used for treating bacterial infection and may cause side-effects such as hypersensitive reactions. Part 1 poisons and antibiotics should be used under the advice of medical practitioners,” the spokesman said.

    Investigations are ongoing.

    According to the Pharmacy and Poisons Ordinance, all pharmaceutical products must be registered with the Pharmacy and Poisons Board of Hong Kong before they can be sold legally in the market. Illegal sale and possession of unregistered pharmaceutical products and Part I poisons are criminal offences. The maximum penalty for each offence is a fine of $100,000 and two years’ imprisonment. In addition, the Antibiotics Ordinance also prohibits illegal sale and possession of antibiotics. Offenders are liable to a maximum penalty of a $30,000 fine and one year’s imprisonment for each offence.

    The DH strongly urged members of the public not to buy or use unregistered pharmaceutical products as their safety, efficacy and quality are not guaranteed. All registered pharmaceutical products should carry a Hong Kong registration number on the package in the format of “HK-XXXXX”.

    People who have purchased the above products should stop using them and consult healthcare professionals if they are in doubt or feeling unwell after use.They may submit the products to the DH’s Drug Office at Room 1856, Wu Chung House, 213 Queen’s Road East, Wan Chai, Hong Kong, during office hours for disposal.