Changes to Chinese generics plan

The roll-out of China’s centralized generic drug procurement plan will take place on revised terms, it is reported.

A report from Bloomberg, which itself quotes the 21st Business Herald, says that the bulk buying program for generics, which had its pilot in 11 cities last December, will go nationwide on significantly altered terms.

Rather than selecting one winner for each tender, authorities will pick not just the lowest bidder, but also two other firms willing to match its price.