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BioWorld - Wednesday, January 28, 2026
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Home » China lets the air out of inflated drug prices with new procurement system
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China lets the air out of inflated drug prices with new procurement system

Feb. 1, 2017
By Pearl Liu
HONG KONG – China has launched a two-invoice system for drug procurement as part of a change that underscores an ongoing reshuffle of the health care industry in the country. By limiting the number of invoices allowed in the drug distribution chain, the system aims to eliminate middlemen, avoid unnecessary invoicing that may facilitate corruption and increase transparency in drug pricing.
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