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Drugmakers slash prices in China to get on reimbursement list
November 28, 2019 2:10 AM ESTBy Roxanne Liu and Brenda Goh
BEIJING/SHANGHAI (Reuters) - Drugmakers including Roche (NYSE: ROG) and Novartis' (NASDAQ: NOVN) have agreed to cut the prices of some of their newest drugs by an average of 61% in China in order to get on a national reimbursement scheme list, regulators said.
Addition to the list is likely to boost sales volume by opening up markets in smaller and less-affluent Chinese cities, but some industry insiders have cautioned that only offering deep price cuts in China could spark criticism of... More
