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Henry Schein CEO Stanley Bergman on the state of global health care and the over-prescription of antibiotics around the world.
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That's correct those and it's a very interesting topic it's about balance -- -- nature is about balance.
And the concept is to make sure that the world understands that.
-- -- can be very useful.
But the same time -- you get.
Resistance is -- -- cement to bond I can't tell you how many times people say earlier sniffling take -- zee -- is that.
Not the way to go -- you got to talk to doctor about that I'm not about -- but.
We do know that we now seeing a lot more resistance to antibiotics.
And it's a problem and so we're seeing it.
Antibiotics being administered to animals to people and we need to make sure that there's a lot of balance and -- public private partnerships do that.
It should be a -- not absolutely not -- shouldn't be used prophylactic okay.
We'll get add to that -- About Davos what is it that you really glean from coming here.
-- it's about.
Hitting a finger on the pulse of the world in the -- That 72 ounces.
And I just sat in the session now dealing with.
The revival of the -- the world economy but the fact that it is has grown disparity in the world economy and you could feel.
Tension and issues that are emerging around the world and this is what else is all about you get a feel for -- Yet you keep doing better and better you at a record seven point five billion dollars in sales last year.
You've made acquisitions getting into the pet health care market and -- establish a beachhead in China.
Do the Chinese brush their teeth enough the Chinese want to brush the teeth a lot.
And they're learning very very fast are okay in China is about that he is so.
And really only in the last ten years that we've seen major progress and we're gonna see lots small.
One point five billion Chinese Russian and even the market I bet you've looked at enough Chinese -- just to see what your market is it's huge but we got it -- -- -- Chinese need to understand the importance of our OK and the importance of OK in the continuum of health -- What kind of distribution does Henry -- -- well we've set up the distribution system and we're on the way towards.
Distributing products to dentists on a national basis and child the very first of how much could it really to your bottom line.
Do you love your hands together and say this is one heck of -- market -- with -- -- China is of the government and medium term opportunity and useful to.
Chinese do the opposite of what we do.
They're actually pouring from a government level more money into health care.
What we're trying to cut spending which has a right way from here well it's all about balance of the most important things effective use of money in health care.
And we need to make sure that every single and -- -- the health care is effectively use and that's.
Public private partnership.
Industry and the government sector have to a come together.
You just sit that you attended a meeting on growth and the IMF is issuing these dire predictions that everything's contracting because you're in so many countries.
I'd rather actually hear from you.
-- -- this it's about balance we have seen.
Mall and us a better understanding the importance of health care.
People want health care.
So the point is the money has to be spent well wisely in health -- like in every other areas the -- -- cannot spend money without knowing where it's going and.
Make sure that the results of good for the money being spent we should mention that Henry -- in a very large and important acquisition in the pet health care realm and there's one thing.
People will cut back on their cables they'll cut back on the fresh orange juice they won't cut back on fluffy -- biscuit you know fluffy and the scope of very very important so that throughout the recession.
-- animal health business that well.
How well will -- do this year.
We expect it to do quite well actually not only in the US but.
In other countries as well with the spend money on that -- you've -- and this is an amazing desist statistics 90000.
Medical brands in stock.
Able to be shipped out what is the best selling product penetration.
Best selling product -- commission on I would say is the most important I would say is the technology area -- dental medical their petitions wanna run a bit of business so that the can provide that a clinical -- that need -- -- by the clinical case.
And its technology its openness of the drills that -- -- can -- -- Hudson.
