China,chaussures louboutin, which has been predicted by IMS to see drug sales increase 25-27 percent to more than $50 billion next year,christian louboutin pas cher, is currently the world's third-largest pharmaceutical market.
Pharmaceutical market information company IMS Health told the Reuters Health Summit earlier this month that China was set to overtake Japan as the world's second-biggest pharmaceuticals market after the United States in 2015.
The Chinese plan is designed to save at least 2 billion yuan ($300 million) a year on healthcare costs,louboutin, according a statement on the commission's website.
China is to cut the retail price of many medicines by an average of 19 percent from Dec 12 in a bid to rein in the country's rising healthcare bill,abercrombie, Reuters reported,abercrombie france, citing the Chinese National Development and Reform Commission.
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The move is the latest sign of governments around the world acting to force down drug prices and is likely to be a concern to Western companies that have been looking to China to drive sales growth as demand in home markets flags.
As sales growth in Europe,christian louboutin, the United States and Japan stalls and many blockbusters lose patent protection,chaussures christian louboutin, new markets -- particularly in Asia and Latin America -- are being targeted by makers of both prescription and over-the-counter drugs.
Prices for some individual drugs will fall a lot more than 19 percent,louboutin, with Bristol-Myers Squibb's heart medicine Capoten set to come down by 35 percent and Roche's antibiotic Rocephin by 30 percent.
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followed by East Asia with 18 percent.
Markets sagged overnight as investors reacted to rising yields overseas. The concern is that euro-zone leaders will be unable to enact reforms to reduce debt and promote growth. The U.S. equity market's swings have become increasingly tied to gyrations in European credit markets.