New GSP In China Forces Smaller Pharmacies Off The Market
This article was originally published in PharmAsia News
Executive Summary
China’s implementation of the new GSP (Good Supply Practices), information technology, and cold chain management systems has significantly increased costs for smaller pharmacy operations, forcing many with fewer than 50 stores to close or merge, according to a report.
China’s implementation of the new GSP (Good Supply Practices), information technology, and cold chain management systems has significantly increased costs for smaller pharmacy operations, forcing many with fewer than 50 stores to close or merge, according to a report. According to the new GSP, all pharmacies must meet the requirements by Dec. 31, 2015. The strict policy makes it even hard for medium-sized pharmacies, which in some cases have banded together to build a logistics platform, according to the report. (Click Here For More - Chinese Language)
"New GSP Forces Chain Pharmacies With Below 50 Stores To Be Closed, Suspended, Merged, and Transferred" – askci.com (4/2/2014)