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China Moves to Encourage Higher Quality China-made Generic Drugs

publication date: Apr 4, 2018

China’s State Council announced a new initiative to bolster generic drugmakers. New rules will impose higher standards for generic drugs. If a generic drugmaker can qualify as a high-tech enterprise, the company will be eligible for tax incentives -- the normal 25% tax on corporate profits will be reduced to 15%. For the past few years, CFDA Commissioner Jingquan Bi has been cracking down on generics, saying many are ineffective because they are not equivalent to the original drugs. More details....

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