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News/Event Item
Chinese Drugs Seen Driving Down Generic Prices
May 13, 2008
By Ben Hirschler
A coming wave of Chinese pills is set to push down the price of generic drugs, as more low-cost finished medicines from the country win approval in major markets, according to a report.
Pharmaceutical information group IMS Health Inc said last year's first okay from the U.S. Food and Drug Administration for a Chinese generic - a copy of AIDS drug nevirapine - was a sign of things to come.
China is already the world's biggest producer of active pharmaceutical ingredients (APIs), the chemical raw materials needed to manufacture medicines, but to date it has not been a significant supplier of finished generic pills.
For full article, visit:
http://www.reuters.com/article/healthNews/idUSL1312745520080513
category: News from Other Sources : General Health News
contributed by Liza Nanni on 13 May 2008
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