Chinese State Officials Say New Formulary Will See Some 500 Entries
This article was originally published in PharmAsia News
Executive Summary
Chinese government sources revealed that the new national Essential Drug List will include some 500 medicines, 100 short of market estimates.
Chinese government sources revealed that the new national Essential Drug List will include some 500 medicines, 100 short of market estimates. Additionally, officials noted that government procurements will focus more on drug quality due to concerns that the existing price-favoring practice has led to losses for pharmaceutical companies, supply shortages, and substandard drug quality. Furthermore, they stressed that grassroots health institutes can prescribe non-EDL treatments. These new developments are expected to benefit quality drug producers, as well as non-grassroots medical institutions. One industry expert indicated that currently, EDL medicines account for 10% of China’s overall drug sales. (Click Here For More - Chinese Language
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"New EDL To Expand To 500 Entries" - menet.com.cn (4/11/2012)