China announces price cuts for 17 foreign-made drugs as production costs fall

1 December 2010

China will lower retail price caps on 17 kinds of pharmaceutical products by an average 19% effective December 12, the country’s economic planner and price regulator the National Development and Reform Commission (NDRC) said in a statement on Tuesday, reported by the Xinhau news agency. These will mainly impact drugs from multinational producers.

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