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China price cuts put pressure on foreign drugmakers

New bidding systems make multinationals compete more directly with local generics
Wednesday, May 27, 2015 - 05:50

Beijing

STARTING from June 1, most drugs in China will be liberated from government-set price caps. For foreign drugmakers, though, pressure to cut prices is rising.

Since late last year, many provincial governments have introduced new bidding systems to lower the cost of medicines