Ongoing Research and Development
Traditional medicine refers to medicines that have been formulated by using practices and knowledge which has evolved thousands of years. The market value of the traditional medicines are increasing and the worldwide annual market approaches US$ 60 billion. Several countries like China, India, Nigeria, USA and World Health Organization have made substantial research investments in development of traditional medicine. Even several leading pharmaceutical companies are looking forward for promising medicinal herbs and novel chemical compounds. The recent researches on traditional medicine shows significant results in treating diabetes, cancer, AIDS, viral diseases and other pathogenic disease.