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India “too reliant” on Chinese drug imports

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05-Dec-14 India produces a third of the world's medicines, mostly in the form of generic drugs. But more than 80% of the raw materials for these drugs are imported from China. That gives its neighbour a virtual monopoly over pricing and supply - so much so that there are now no domestic Indian producers of many essential medicines, a situation that worries the Indian government. [image: The Insider]

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China to scrap drug price caps in 2015

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26-Nov-14 China plans to scrap retail price caps on all drugs as early as the start of 2015, giving market forces a larger role in an industry where price controls have contributed to supply shortages. A recent crackdown on high prices pushed some Chinese firms out of business and forced global drug-makers to rethink their China strategy. [image: My Jungle Blog]

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