Originator drug manufacturers in China
The pilot scheme for tendering with minimum procurement quantities in China, aimed at reducing the price of drugs within the country, has already had a major impact on the valuation of pharmaceutical companies. A former Deputy General Manager at Yangtze River Pharmaceutical Group, Beijing Haiyan Pharmaceutical said that, “after the first batch of winning bids was announced on 7th December” by the government, “the combined valuation of 300 listed pharmaceutical companies decreased by about RMB 30bn in only two days.”
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