The central government has implemented policies over the past two years to reduce the number of layers of drug distributors to slash medicine costs and improve quality assurance of consumer products. Photo: Bloomberg

Pharma deal could prove among sector’s biggest consolidations yet

CR Pharma agrees to take controlling stake in state-owned rival Jiangzhong, as China seeks to slash medicine costs and improve quality assurance

Topic |   Pharmaceuticals

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The central government has implemented policies over the past two years to reduce the number of layers of drug distributors to slash medicine costs and improve quality assurance of consumer products. Photo: Bloomberg
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