ChinaBio(R) LLC Release: China's New Essential Drug List: Quality + Price  
4/8/2013 10:54:49 AM

by Richard Daverman, PhD

April 7, 2013 -- Last week, China issued its new 2012 Essential Drug List, a list that will have a profound effect on the pharmaceutical scene in China. Original research by ChinaBio® discovered a revolutionary change in the new rules: China’s Ministry of Health told provincial/municipal governments to consider quality – not just price – when choosing a drug supplier for the list. Under the new guidelines, provincial and local governments must provide their citizens with high quality drugs at a reasonable price. For drug companies, the change means that having one of their drugs included on the list can be a positive event, rather than a negative one. More details....