Mainland lowers drug prices
(01-08 16:55)
Prices for 400 drugs will be reduced by an average of 15 percent starting from February 1, regulators announced today.
The National Development and Reform Commission said it will cap the retail prices of 20 categories of drugs used to treat respiratory illnesses, pains and fever, Xinhua reports.
Prices for medications used to treat cancer, blood diseases and illnesses related to the nervous system have been cut since 2011, according to the commission.
The commission said it also has plans to adjust the prices of some types of Chinese herbal medicine.
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