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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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Alibaba launches medical business in China

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12-Nov-14 Alibaba has realised its ambition of expanding into the health sector with the launch of Alibaba Health Information Technology, in Oct-14. The newly formed unit was previously Citic 21CN, a company acquired by Alibaba earlier this year. Its drug coding system is seen as the most important asset for Alibaba. [image: Want China Times]

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