China Introduces New Guidelines to Reward Pharmaceutical Innovation

Multinational pharmaceutical companies to benefit from new China guidelines: analysts

The State Council, China’s cabinet, has published guidelines on innovative drug pricing that a bank analyst has described as “the most significant” in a decade, as they aim to reward drug innovation and ease pricing tension for domestic and multinational pharmaceutical companies. The framework document published this month said patented innovative drugs would be supported through value-based pricing, while the prices of generic drugs would be driven down through market competition and...

By Julie Zhang