China Lifts Import Duties On Human Immunoglobulin And Vaccine
This article was originally published in PharmAsia News
Executive Summary
China's Ministry of Finance announced that the current 3 percent import duties on antiserum, human vaccines, cultured microorganisms (excluding yeast) and four types of related immunoglobulins is now lifted effective June 1 through Dec. 31. Even though the adjustment will reduce import costs, analysts see limited impact because local enterprises dominate the domestic vaccine business, while the low-priced immunoglobulin market will not attract MNCs. Many industry experts believe the policy mainly aims to meet the demands of the recent earthquake relief. However, according to the China Chamber of Commerce of Medicines & Health Products Importers & Exporters, the government's original intention is to alleviate the supply-demand conflict of products caused by a rising consumer price index. (Click here for more - Chinese Language)
You may also be interested in...
Industry & Regulators To Align Advice on COVID-19 Vaccine Updates
A multi-stakeholder workshop looked at the data needed to support updates to vaccine composition and the time required by manufacturers to update their vaccines, change their manufacturing processes and prepare approval applications.
Sanofi Skates To Where The Puck Is With Immunology
The French drugmaker has not abandoned oncology but has made it very clear that immunology and inflammation is the priority for its R&D euros.
Pipeline Watch: Five Approvals And 23 Phase III Updates
Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.