China to strengthen anti-monopoly efforts in pharma industry

Health News
Shelves displaying medicines are seen at a pharmacy in Shanghai, China, November 27, 2015. REUTERS/Aly Song/File Photo

BEIJING (Reuters) – China will toughen law enforcement to curb monopoly practices and unfair competition in the pharmaceutical industry as the government seeks to foster a good business environment, the industry ministry said on Sunday.

The action follows November’s regulatory guidelines to stamp out monopolies in active pharmaceutical ingredients (API). China leads the world in making and exporting these products.

In a statement, the ministry of industry and information technology said it would “strengthen law enforcement against unfair competition, and resolutely investigate unfair competitive acts, such as commercial bribery”.

It will also stiffen enforcement of anti-monopoly laws in the areas of drug shortages and APIs, prepare and adopt antitrust guidelines in the API market and investigate monopolistic pacts, it added.

Source: Read Full Article

Related posts:
  1. What You Can Do If You’ve Lost Health Insurance During COVID-19
  2. The Best Passover Books & Haggadot for Kids You Can Download Last Minute
  3. Research reveals how the brain inhibits remyelination in MS and how to treat it
  4. U.S. administers 359.6 million doses of COVID-19 vaccines – CDC
  5. New Zealand queries virus approach as Delta outbreak grows