22 August 2019 - Chinese authorities vowed to take actions to make sure the drug prices are set reasonably by the pharmaceutical firms and the drug procurement mechanism will be further reformed to maintain a fair and healthy market order.

China's National Healthcare Security Administration said Thursday it will establish and improve a long-term mechanism for drug prices to ensure the supply of clinical medicines at reasonable prices.

The administration's deputy head Chen Jinfu said at a press conference that measures including price monitoring, credit rating and legal punishment will be taken to make sure the drug prices are set reasonably by the pharmaceutical firms.

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