ABCDEFGHIJKLMNOPQ
1Main
2CEOIan ReadJeff KindlerHank McKinnellBill SteereEd Pratt
3CFOFrank D'Amelio
4Established ProductsOlivier BrandicourtDavid Simmons
5
6Chinese salesforce of 3500 in 177 cities.
7China sales roughly $1bn in 2009 - GS
8China healthcare spend is 4.5% of GDP.
9Norvasc grew 28% y/y in China in 2008 - GS.
10
11$165m total expenditures on healthcare in China in 2007, $125 per capita.
12$5,711 in US, $3k in germany, $2.2k in Japan.
13$92bn chinese pharmaceutical industry: 28% API, 34% pharma, 9% biotech, 29% traditional.
1480% of drugs dispensed through hospital pharmacies.
15
16
17NameMaturity DateIssue DateDurationAmountCouponPriceYieldTypeRatingHigh YieldHigh DateLow YieldLow DateTsysSpread
182037 5.95% Wyeth4/1/20373/22/200727 years20000.0595112.1270.0511GuaranteedAA8.28810/15/20084.81212/26/20080.04020.0109
192038 6.5% GBP6/3/20385/27/200928 years15000.065119.60.0516Senior UnsecuredAA6.3945/28/20095.0628/17/20090.04030.011299999999999998
202039 7.2%3/15/20393/17/200929 years25000.072129.3170.0522Senior UnsecuredAA6.9493/25/20095.218/28/20090.04040.011800000000000005