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In China, Big Pharma Faces Drug Pricing Pressure

publication date: Jun 1, 2015
Today, June 1, China will end the official caps on most drug prices. Although the administrative change may sound like a major reform, the actual effect will be almost nil. For most drugs in China, most of which are generics, the price is actually set by the province-by-province auctions. By being one of the one or two lowest bidders, a pharma company is allowed to sell its products through hospital pharmacies. However, for multinational pharmas in China, whose premium prices have been protected from the auction process, the situation is quite different. More details....

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