China vows to keep cutting cancer drug prices

10 July 2018

In what might be seen as a benefit of one-party rule, while US President Donald Trump grapples with his apparent powerlessness to reign in drug prices, the Chinese state seems determined to unilaterally reduce costs for cancer meds.

The Financial Times notes a report in the People’s Daily, the mouthpiece of the Chinese government, which indicates a desire to speed up price cuts.

Last year China introduced a new reimbursement method and negotiated swingeing cuts to many prescription medicines, as a result of which more than 30 mainly foreign-made drugs saw price cuts of up to a half.

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