Pfizer in China's first pay-for-performance cancer drug insurance deal
Pfizer (NYSE: PFE) has been credited with being the first company to launch a pay-for-performance insurance program for a cancer drug in China.
According to news source China Daily, the Bo'ai Xin'an program involves breast cancer patients receiving Pfizer’s Ibrance (palbociclib) and obtaining economic reimbursement by insurance payment within four months after successful application, if they meet certain conditions.
This program, which is currently covering 34 cities across China, comes from a collaboration between the Shanghai Branch of PICC Health Insurance, Shanghai MediTrust Health and Pfizer China.
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