Lack Of Internet Prescription Drug Sale Regulations Blamed For Low Profit Levels Of China's Online Pharmacies
This article was originally published in PharmAsia News
Executive Summary
China currently has 15,000 pharmacy chains; six of the 30 companies licensed to conduct Internet drug sales are selling drugs online, but none have posted any profits so far, according to a Voice of China news report
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China currently has 15,000 pharmacy chains; six of the 30 companies licensed to conduct Internet drug sales are selling drugs online, but none have posted any profits so far, according to a Voice of China news report. Although Rx drug sales and profits are far greater than over-the-counter drugs, the media outlet explained that Internet-based pharmacies are not allowed to sell prescription drugs because China does not have governing regulations in place. Voice of China predicted that relevant laws and regulations would be established in the future. (Click Here For More - Chinese Language) "None Of China's Domestic Internet Pharmacies Gains Profit; Internet Prescription Drug Sale Laws And Regulations Await Establishment"- health.sohu.com (10/18/10) |