China's vax industry poised for rapid growth

A Chinese venture capital firm expects the country's booming vaccine business to accelerate at the jaw-dropping rate of 25 percent a year. By 2012, says investment banker Zero2IPO, the sector will mushroom to $1.12 billion (8 billion yuan). And investors from around the world will tumble into China to take advantage of the rapid ramp up. Zheng Yufen, senior manager for healthcare at Zero2IPO says the Chinese government has ambitious plans to improve public health in the country. And much of the 26 billion yuan budgeted for health over the next two years will be funneled into vaccines. FierceVaccines