Top health official in China calls for lower drug prices

Despite some reform, official says the cost of pharmaceutical drugs are still too high

A top hospital official in China is calling for more reform when it comes to pharmaceutical drug prices.

According to ChinaDaily.com, Feng Guosheng, chief of Beijing Municipal Administration of Hospitals, wants to further reduce the cost of drugs sold in hospitals.

"But more reforms in the circulation of drugs, such as reforms in the bidding and purchase process of drugs, are needed to cut the link between doctors and representatives of pharmaceutical companies to further bring down the prices of drugs sold in hospitals," Feng said, according to the website.

One of the current reforms being imposed already is a ban on hospitals from selling drugs for up to 15 percent more than the price they pay.

Researched List: Blister Machines for Life Sciences
Need a blister machine for life sciences packaging? Our curated list features companies serving pharmaceutical, medical device, nutraceutical, and cosmetic industries. Download to access company names, locations, machine specifications, descriptions, and more.
Download Now
Researched List: Blister Machines for Life Sciences
List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO