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China: Lifts price controls on most medicines

By  |  May 5, 2015

The Chinese government said on Tuesday it will scrap long-standing state price controls on most medicines, effective June 1, as part of market-oriented reforms.The government will no longer impose upper limits on retail prices for drugs, government agencies including the National Development and Reform Commission.

“The reform of drug prices needs to… fully utilise the resource allocation role of the market,” the statement said.

Price controls will be relaxed over drugs covered by medical insurance, blood products, immunisations, anti-AIDS and birth-control medicines, the statement said.

“The reform of drug prices needs to… fully utilise the resource allocation role of the market,” the statement said.

Price controls will be relaxed over drugs covered by medical insurance, blood products, immunisations, anti-AIDS and birth-control medicines, the statement said.

 

Full content: Reuters

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