Tools: Save | Print | E-mail | Most Read
China to Tighten Drug Pricing
Adjust font size:

China's top economic planning body issued a regulation on tightening drug pricing on Sunday.

The regulation, which will take effect as of March 1, requires five-step procedures before fixing medicine prices, including production cost investigation, expert evaluation and hearing opinions from the public, the National Development and Reform Commission announced on Sunday.

The new rules forbid drug price regulators from taking gifts of any forms or receiving invitations for banquets and traveling abroad from drug manufacturers.

To stem rising public complaints about high medical costs, China has slashed drug price on 19 occasions in the 1997-2006 period, totaling 40 billion yuan (US$5 billion).

(Xinhua News Agency February 26, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
We Will Push Drug Prices down: Gov't
Basic Medicine System to Quell Rising Drug Price
China Imposes Stricter Quality Checks on 170,000 Medicines

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号