CHINA GOVERNMENT REFORMS COULD HELP CREATE WORLD’S SECOND LARGEST PHARMA MARKET
March 1st, 2014
The Third Plenary meeting of top Communist Party leaders in Beijing last November concluded with the issue of a rallying cry for reform that will have systemic consequences for pharmaceutical manufacturing and distribution.A policy document released alongside the meeting called for the acceleration of health system reform, particularly of public hospitals, while restructuring pharmaceutical prices and reimbursement procedures. At stake is a drug market that McKinsey estimates could be worth more than USD310 billion in retail sales by 2020, making China’s ...
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