China extends squeezed-out foreign pharmaceuticals firms an olive branch

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China's Commerce Minister told foreign pharmaceuticals firms they can expect 'more development opportunities' during a roundtable on Wednesday, his ministry said, as drugmakers bemoan government procurement policies pricing them out of the market.

it had signed a deal thought to be worth around $1 billion to research, develop and manufacture mRNA medicines in China.

But in response to a question from an executive from Merck, Li added: "You should also understand that our medical and social security systems and patients cannot cope with excessively high prices for new medications."

 

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