The First Aid Miracle Drug, One Pill Costs 1200 CNY!

Sudden price increase! Some places sell one pill for nearly 1,200 yuan, and it is called the "magic medicine for emergency treatment"

Red Star Capital Bureau, recently, the official website of Tong Ren Tang Guoyao (03613. HK) showed that the price of a Hong Kong version of Angong Niuhuang Wan is 1,280 Hong Kong dollars (equivalent to about 1,189 yuan). The cost of a 6-pill Angong Niuhuang Wan is 7,680 Hong Kong dollars (equivalent to about 7,133 yuan), and the specification of each pill is 3 grams.

Previously, the price of a Hong Kong version of Beijing Tong Ren Tang Angong Niuhuang Wan was 1,060 Hong Kong dollars (equivalent to about 985 yuan), which means that the price increase this time is more than 20%.

Today, the staff of the securities department of Tong Ren Tang (600085. SH) responded that the Hong Kong version of Angong Niuhuang Wan is produced by Tong Ren Tang Guoyao, a Hong Kong-listed holding subsidiary of Tong Ren Tang, and is mainly sold to overseas customers. Tong Ren Tang Guoyao is also a consolidated company of A-share listed companies. The price of the Hong Kong version of Angong Niuhuang Wan has indeed increased.

Tongrentang's 2023 annual report shows that Tongrentang directly holds 33.62% of Tongrentang Guoyao's equity. Tongrentang Guoyao's main business is to develop distribution networks overseas and manufacture and sell Chinese medicine products.

Regarding the reasons for the price increase, the above-mentioned staff said that on the one hand, it is related to the rise in raw materials, and on the other hand, it is related to the steady increase in downstream demand.

Tongrentang: The price increase is due to cost pressure. The mainland has not yet received a price increase notice.

On June 12, the reporter called Tongrentang's secretary's office, and the other party said that the price of the Hong Kong version of Angong Niuhuang Pills with one pill increased, mainly due to cost pressures such as rising raw material prices.

The reporter noticed that the main ingredients of the Hong Kong version of Angong Niuhuang Pills are natural bezoar, natural musk, pearls, coptis, and other precious medicinal materials.

As one of the main materials of Angong Niuhuang Pills, the price of natural bezoar has risen sharply in recent years. According to Kangmei Chinese Medicine Network data, as of now, the latest price of natural bezoar is 1.65 million yuan/kg, up 65% from 1 million yuan/kg in the same period last year. The price of artificial bezoar began to rise in March this year, from 900 yuan/kg to 1,500 yuan/kg. According to the official website of the Shanghai Gold Exchange, on June 12, the early trading price of Shanghai Gold was 545.4 yuan per gram of gold, and the price of 1 kg of gold was about 545,400 yuan. Calculated in this way, the price of natural bezoar far exceeds the price of gold.

According to the data of the two major Chinese medicinal materials information platforms, Tiandi.com and Kangmei.com, in January 2023, the price of natural bezoar stabilized at 200,000 yuan/kg-500,000 yuan/kg, and in November 2023, the price of natural bezoar soared to 1.4 million yuan/kg. In January 2024, the price of natural bezoar continued to rise, and the market price reached 1.4 million-1.7 million yuan/kg, an increase of 70%-100% over the same period last year.

In addition to the price of natural bezoar, the prices of Chinese medicinal materials such as natural musk and Coptis chinensis continued to remain high, which also promoted the price increase of Angong Niuhuang Pills.

To ensure the supply of raw materials, according to Tongrentang's 2023 annual report, the company will strengthen the construction of planting and breeding bases of planting and breeding subsidiaries, encourage the expansion of planting and breeding scale, use information technology to build an intelligent management system for planting and breeding and improve the economic benefits of planting and breeding.

It is worth noting that after the price increase of the Hong Kong version of Angong Niuhuang Pills, the price of each pill is equivalent to RMB 1,189, which is higher than the retail price of RMB 860 in the mainland. A person from the company's secretary's office told reporters that at present, the mainland version of Angong Niuhuang Pills has not received a price increase notice.

Angong Niuhuang Pills are known as the "first aid magic medicine" in the market. It mainly clears away heat and detoxifies, calms the nerves, and opens the mind. It can be used to treat fever, stroke coma, encephalitis, meningitis, toxic encephalopathy, cerebral hemorrhage, sepsis, and other diseases.

Angong Niuhuang Wan is not an exclusive variety. The reporter found out from the State Food and Drug Administration that as of now, 126 companies have been approved to produce Angong Niuhuang Wan, including Tongrentang, Guangyuyuan, Pianzihuang, Foci Pharmaceutical, Hutchison, Taiji Group, Harbin Pharmaceutical, Sanjiu, Jinyao Darentang and many other pharmaceutical companies.