The pharmacy of the Yueyang Hospital, part of the Shanghai University of Traditional Chinese Medicine, in Shanghai as of November 7, 2018. Photo: AFP

Chinese pharmaceutical stocks plunge on bigger than expected price cuts of generic drugs on compulsory bulk tendering

  • The new procurement process is being tested in Shanghai first, before being rolled out to 10 other cities prior to a nationwide roll-out
  • The 11 cities covered in the pilot project make up between 30 per cent and 50 per cent of drugs used in China
Topic |   Pharmaceuticals

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The pharmacy of the Yueyang Hospital, part of the Shanghai University of Traditional Chinese Medicine, in Shanghai as of November 7, 2018. Photo: AFP
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