China Moves to Encourage Higher Quality China-made Generic Drugs

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.... Share this with colleagues: // //