Will A Powerful New Ministry Lead To A Favorable Regulatory Environment In China?
This article was originally published in PharmAsia News
With its organizational structure in place and a roadmap of responsibilities published, China’s now powerful National Health and Family Planning Commission could bring about a new age of regulatory efficiency.
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SHANGHAI - Since China's healthcare reforms started in 2009, the central government has been encouraging local government to pilot different tender models for essential drugs to reduce public medical expenses. Anhui Province's tender system became a successful example by reducing essential drug prices an average 40-50% last year, and now the central government is implementing a single supplier procurement system, the so-called Anhui model, nationwide
China's State Intellectual Property Office (SIPO) is drafting a new regulation on "service innovation" to encourage companies and researchers in the country to raise their investment in, and the conduct of, innovation. However, the move may also have an impact on the soaring drug discovery industry in China as it will mean higher payments to inventors with knock-on effects on local drug discovery and CROs.
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