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Baihui Pharmaceutical Group
Blog
28
2019-05
Outstanding Partner
2019-05-28
Best Planning Proposal Award
Best Partner
Best Potential Award
Imported drugs are getting cheaper, while locally developed innovative medicines find themselves in an awkward situation.
Recently, a report titled "Why Has This Major Innovative Drug—Which Could Significantly Lower Prices of Imported Medicines—Still Not Been Included in National Reimbursement Programs Nine Years After Its Launch?" has sparked strong reactions within the industry. With reforms in new drug approval processes and the ongoing advancement of generic drug consistency evaluations, Chinese pharmaceutical companies are growing increasingly enthusiastic about developing innovative medicines. However, despite being domestically developed and innovative, the market performance of these drugs remains mixed—some thrive, while others struggle. For instance, China's first Class 1.1 fluoroquinolone antibacterial agent, which boasts independent intellectual property rights, has yet to be added to the national medical insurance catalog or the essential drug lists of public healthcare institutions in most regions, even after nine years on the market. Meanwhile, another Class 1 new drug developed entirely with domestic expertise…
The scope of medical insurance drug reimbursement is expanding—Which pharmaceutical companies will benefit?
On May 13, the National Healthcare Security Administration, jointly with the Ministry of Finance, issued the "Notice on Doing a Good Job in Basic Medical Insurance for Urban and Rural Residents in 2019," which clearly emphasized the need to establish and improve a unified outpatient expense management and payment mechanism for urban and rural residents' medical insurance, with a particular focus on safeguarding against the heavy financial burdens posed by common and chronic diseases. Specifically, medications prescribed for outpatient treatment of conditions such as hypertension and diabetes will now be included in the scope of medical insurance reimbursement.