March 28, 2011 -- Drug prices for 162 China medications dropped an average 21% today, three weeks after the price cuts were mandated by the PRC’s National Development and Reform Commission (NDRC). The savings for China’s populace is estimated at $1.5 billion annually. Because the NDRC considered each formulation of each drug separately, the regulations officially covered 1,265 specific drugs. Further price cuts are expected in the future. More details....
