National Development and Reform Commission to investigate 33 Big Pharma's about over-charging

The last time the Gov't. beat down Big Pharma,
Costs were cut 20%.
Kudos to the National Development and Reform Commission!
_________________

Oh wait, that's China's Government.

"In a statement posted online, the National Development and Reform Commission said
33 companies will be investigated over pricing, while 27 more face inquiries over input costs.

Among the companies targeted are the China operations of GlaxoSmithKline, Astellas and Sandoz.

The NDRC is China's central economic planning agency.
The group regularly reviews drug prices, and periodically implements price ceilings
that apply to government reimbursement levels.
The agency also directs bulk purchases of pharmaceuticals by local and provincial governments.

The investigation is the second price-related inquiry launched by the NDRC in recent days.

A probe into price fixing at infant formula producers announced earlier this week
has already yielded results, with at least one foreign producer agreeing to cut prices by up to 20%."

[link to www.channel3000.com]