Stock Guru Featured Company: First China Pharmaceutical Group, Inc. (FCPG.OB)
First China Pharmaceutical Group, Inc. is focused on becoming a major force in the high growth pharmaceutical distribution sector in China, providing pharmaceutical products to drug stores, medical clinics and hospitals. As part of its business strategy, the company acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), a profitable provincial pharmaceutical distributor offering approximately 5,000 health products. China is arguably the most attractive emerging pharmaceutical market. By the end of 2013, it is forecasted that annual per capita spending will rise from $27.60 to $54.40. Key drivers of this growth are the introduction of universal…