Beijing on Thursday published a new edition of a catalog of drugs eligible for reimbursement under government-backed insurance plans, boosting the number of approved medicines by 15.4% as it updated the list for the first time in seven years, Caixin reports. The new catalog lists 2,535 drugs, up from 2,196 in the previous version, published […]
Category: Health Care
The Financial Times reports a state initiative to reduce intermediaries in China’s pharmaceutical market is expected to more than halve the number of companies in the sector, but experts say the government will struggle to achieve its aim of cutting drug prices and tackling bribery in distribution chains. The vast majority of China’s $110bn annual […]
Baidu is abandoning the mobile health care business after a two-year struggle to create a profitable model for helping online users access offline medical services. The closure will mainly affect a team running the mobile application Baidu Doctor, which allows users to schedule doctor appointments and seek medical advice, sources at Baidu told Caixin. According […]
Multinational drugmakers are pouring hundreds of millions of dollars into new production and research operations in China, even as the government demands sharply lower prices. In mid-November, German drug giant Bayer AG said it would invest 100 million euros ($104 million) to double its drug packaging capacity in Beijing, creating the largest such Bayer plant […]
China’s economic planning agency has handed the local unit of New York-listed Medtronic, a medical equipment firm, a fine of 118.5 million yuan ($17mn) for price-fixing, a fresh penalty against foreign businesses on the mainland as Beijing flexes its muscle against monopolies, The South China Morning Post reports. The fine is the first in the […]