Affected by rising costs, a large number of pharmaceutical companies will go bankrupt and go bankrupt!

[Pharmaceutical Network Industry News] Recently, some media reported that due to factors such as rising energy costs, rising raw material and packaging costs, inflation and the depreciation of the euro, many Italian pharmaceutical companies are facing the risk of bankruptcy, and pharmaceutical companies need more financial support to get over the hurdles ahead
.

In July, it was reported that Endo Pharma was considering filing for bankruptcy protection to get rid of a whopping $8 billion in debt and thousands of lawsuits over the opioid Opana ER
.

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In fact, looking at the entire pharmaceutical industry, not only overseas pharmaceutical companies, but also domestic pharmaceutical companies are generally under pressure due to factors such as rising costs, centralized procurement, medical insurance cost control, and fierce market competition, and gradually go bankrupt, closed down
.

Judging from public information, companies that have been ruled bankrupt in the past six months include Hegang Qiqi Pharmaceutical Chain Sales Co.
, Ltd.
, Hunan Zhaohuawen Pharmaceutical Co.
, Ltd.
, Guangxi Jiuhui Pharmaceutical Co.
, Ltd.
, Chongqing Valley Pharmaceutical Co.
, Ltd.
, and Chongqing Tiankai Pharmaceutical Co.
, Ltd.
Company, Luoyang Kangda Pharmaceutical Co.
, Ltd.
, Xinyue Medical Technology (Changshu) Co.
, Ltd.
, Beijing Times Huakang Medical Equipment Leasing Co.
, Ltd.
, Luobei County Hong'an Hospital, Bishan Renkang Hospital Co.
, Ltd.
, Yibin Aidi Eye Hospital Co.
, Ltd.
Company, Chongqing Future Maternity Hospital Co.
, Ltd.
,
etc.

 　　Among them, Luoyang Kangda Pharmaceutical Co.
, Ltd.
, Chongqing Valley Pharmaceutical Co.
, Ltd.
, and Beijing Times Huakang Medical Equipment Leasing Co.
, Ltd.
have terminated the adjudication process and officially declared bankruptcy
.

 　　It can be seen that among the above-mentioned companies that are going to go bankrupt, there are not only pharmaceutical companies, but also medical device companies and hospitals.
It can be seen that the integration of the entire pharmaceutical market is accelerating, and the survival of the fittest is accelerating
.

 　　It is worth mentioning that there are many large-scale pharmaceutical companies that have been ruled to go bankrupt, such as Hunan Zhaohuawen Pharmaceutical Co.
, Ltd.
, which has a registered capital of 20 million yuan.
According to Tianyancha, the business scope of the acquisition includes medicines and hygiene products.
And disposable medical supplies production, medical equipment,
etc.

As for the reasons for filing for bankruptcy, the company attributed it to the fierce market competition in recent years, the company's comprehensive competitive strengths such as technology and management were obviously unable to adapt to the market competition situation, continued to suffer serious losses, and could not raise funds to make up for it
.

 　　The industry pointed out that the pharmaceutical market has been affected by the new policies such as normalization of centralized procurement, medical insurance cost control, and consistency evaluation, and pharmaceutical companies are generally under pressure.
Many small and medium-sized companies have been insolvent due to continuous decline in business performance and long-term losses, and further control investment risks.
It also makes sense to file for bankruptcy reorganization
.

 　　In recent years, hospitals have suffered serious losses due to factors such as the epidemic.
According to the "China Health and Health Statistical Yearbook 2021", 23,500 non-public medical institutions across the country have a total loss of 130 billion yuan a year, with an average loss of 5.
53 million yuan per company
.

Due to operational difficulties and insolvency, a large number of hospitals went bankrupt
.

In addition to the above-mentioned enterprises, since this year, many hospitals including Chongqing Huayi Hospital, Yibin Aidi Eye Hospital Co.
, Ltd.
, Suqian Maternity Hospital Co.
, Ltd.
, Wuhu Jinling Hospital Co.
, Ltd.
and other hospitals have reported bankruptcy and liquidation-related news
.

 　　In general, the wave of bankruptcy and bankruptcy in the pharmaceutical industry is going on.
In addition to being affected by the epidemic, it also shows that industry changes are intensifying, and the story of survival of the fittest will continue to be staged, and the winners will be able to gain a foothold in the market in the future
.

 　　Disclaimer: Under no circumstances does the information or opinions expressed in this article constitute investment advice to anyone
.