China has cut the prices of 33 commonly used medicines. Photo: Shutterstock China has cut the prices of 33 commonly used medicines. Photo: Shutterstock
China has cut the prices of 33 commonly used medicines. Photo: Shutterstock

China’s plan to slash health care costs sees global pharmaceutical firms crowded out of market

  • Manufacturers having to adjust to a new normal in China, which was once a lucrative market for their off-patent medications
  • Latest bidding round sees Bayer cut the price of its diabetes drug acarbose by 80 per cent

Topic |   Pharmaceuticals
China has cut the prices of 33 commonly used medicines. Photo: Shutterstock China has cut the prices of 33 commonly used medicines. Photo: Shutterstock
China has cut the prices of 33 commonly used medicines. Photo: Shutterstock
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