BEIJING : Pharmaceutical firms have agreed to cut prices by 61.7per cent on average for 67 medicines to be included in China's national medical insurance coverage in a new round of negotiations, Chinese authorities said on Friday.
The newly added 67 medicines are branded drugs with no generic versions available in China and include blockbusters such as Eli Lilly & Co's psoriasis treatment Taltz and Johnson & Johnson's multiple myeloma drug Darzalex, according to the National Healthcare Security Administration .
In negotiations with Biogen Inc for its rare neuromuscular disease drug Nusinersen, the government negotiator told a company official that the firm should"work harder" in giving price cuts, stressing that the government's price cap was non-negotiable, before the sides reached an agreement, video clips from state broadcaster CCTV showed.
Other high living cost countries might learn something to bring medicine prices down for their general public at large.
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