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The National Allied Procurement Office has released a notification initiating the information filing process for drugs selected in the 10th national volume-based procurement (VBP) tender round. This marks another step in China’s ongoing efforts to streamline drug procurement and ensure accessibility. Information Filing Process and RequirementsEnterprises are required to log…
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The Hunan Healthcare Security Administration has released the “Pilot Implementation Plan for Volume-based Procurement (VBP) Drugs to Be Sold in Retail Pharmacies in Hunan Province,” outlining a strategic approach to integrating VBP drugs into the retail pharmacy landscape. The plan mandates the selection of at least one county (city) and…
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On October 16, 2024, Shanxi Province’s drug procurement platform announced a notice regarding the submission of demand quantities for the tenth batch of national centralized drug procurement, with a record 81 drugs (263 specifications) making the list. This is poised to set a new record for the highest number of…
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Shanghai’s Sunshine Medical Procurement All-In-One (SMPA) has issued a notification concerning the online procurement prices for drugs from the first to seventh round of volume-based procurement (VBP) that are not primarily supplied in Shanghai. The notification mandates that these drugs’ prices should not exceed 1.5 times the winning prices or…
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The National Drug Alliance Procurement Office, which oversees the Volume-Based Procurement (VBP) program, has issued a statement revealing that six pharmaceutical firms were found to have engaged in collusion during the VBP bidding process for bromhexine in the 7th national tender. The implicated companies are Chengdu Xinjie Hi-tech Development Co.,…
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The Shaanxi Public Resources Trading Center has announced the formation of a provincial alliance for volume-based procurement (VBP), with Shaanxi taking the lead. The alliance includes participants from Heilongjiang, Anhui, Jiangxi, Henan, Hubei, Hunan, Guangxi, Guizhou, Tibet, Qinghai, Ningxia, and Xinjiang, along with the Xinjiang Construction Corps. The alliance’s tender…
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Yipinhong Pharmacy Co., Ltd (SHE: 300723), a China-based pharmaceutical company, has made a significant repayment of RMB 266.44 million (USD 36.7 million) to undisclosed buyers as part of a settlement for damages related to the marketing of bromhexine. The company admitted to engaging in anti-competitive practices by ‘colluding with other…
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The Healthcare Security Administration (HSA) Bureau of the Shenzhen municipality has released a “Shenzhen Drug Volume-based Procurement (VBP) Medical Insurance Fund Balance Retention Management Measures (draft proposal)” and is soliciting public feedback until June 13, 2024. This document will apply to all VBP drugs with purchase agreements expiring this year…
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The Beijing People’s Government has issued an “Action Plan” outlining measures and targets to “Accelerate Collaborative Innovation in Medicine and Health” over a three-year period from 2024 to 2026. Many of these measures were previously outlined in a draft document reported in April 2024. The plan sets an ambitious goal…
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The National Healthcare Security Administration (NHSA) has issued a notification detailing plans to enhance the medical centralized procurement process in 2024. The goals include strengthening local procurement alliances and achieving a coordinated procurement strategy between national and local levels. For the national volume-based procurement (VBP), new batches will be led…
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The National Drug Alliance Procurement Office in China has published the winning results of the continued tender for insulin volume-based procurement (VBP), with 14 insulin products securing the available slots. Notably, protamine recombinant human insulin mixed injection (30/70) and insulin detemir, which were part of the previous round, did not…
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The renewal of winning bids from the insulin volume-based procurement (VBP) tender, initially held in March 2022, has been finalized and is open for public feedback from April 24 to 26. A total of 49 insulin products from 13 manufacturers have been awarded renewed tender spots, with a total contracted…
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The National Joint Procurement Office in China announced the upcoming renewal of drug procurement contracts for insulin products previously involved in the volume-based procurement (VBP) program. The renewal process is set to commence on April 23, 2024, with the procurement cycle valued at RMB 11.5 billion (USD 1.59 billion). The…
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The National Joint Procurement Office in China has announced the renewal of drug procurement contracts for insulin products under the volume-based procurement (VBP) program, with the renewal process scheduled for April 23, 2024. The procurement cycle is valued at RMB 11.5 billion (approximately USD 1.59 billion), and the winning bids…
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The National Joint Procurement Office in China has released a notification outlining the information and filing requirements for the continuation of insulin drug procurement contracts under the volume-based procurement (VBP) program. The renewal process for these insulin VBP contracts is set to commence from March 15, 2024. The inaugural national-level…
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The National Healthcare Security Administration (NHSA) has issued a notification outlining key measures to ensure the supply security of volume-based procurement (VBP) winning bids. The strategies aim to maintain the stability and reliability of medical product supplies within the country’s healthcare system. The measures include the timely organization of procurement…
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The National Healthcare Security Administration (NHSA) has issued a notification aimed at fostering inter-provincial price fairness, integrity, transparency, and balance for drugs sharing the same generic names and manufacturers. The initiative involves a comprehensive review and inspection of drugs based on four criteria: generic name, manufacturer, dosage form, and specification.…
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The National Allied Procurement Office has released the finalized results and tender bid allocations for Round 9 of the national Volume-Based Procurement (VBP) tender program, which took place earlier this month. The total value of contracts awarded reached RMB 1.17 billion (USD 161.5 million), marking a 90% reduction from the…
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The National Allied Procurement Office has released a notification outlining plans for a volume-based procurement (VBP) tender, focusing on artificial lenses and sports medicine medical consumables, with an encouragement for products utilizing additive manufacturing technology, namely 3D printing, to participate. Scope of the TenderThe tender’s scope encompasses a range of…
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UK-based pharmaceutical giant AstraZeneca (AZ; NASDAQ: AZN) has released its financial results for the third quarter of 2023, showing a total revenue increase of 6% year-on-year (YOY) to USD 11.5 billion in constant currency terms. Product sales accounted for USD 11.02 billion, marking a 5% YOY increase. Excluding COVID-19 medicines,…
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The results of the 9th round of China’s national volume-based procurement (VBP) program have been announced, with a total of 175 drug manufacturers securing tender spots for 41 different drug products. The tender for levonorgestrel did not yield successful bids. Out of the 269 separate tender spots secured, only 5…
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The National Allied Procurement Office has released a notification regarding Round 9 of the national Volume-Based Procurement (VBP) tender program. This year introduces a novelty where all drugs with marketing approvals before October 30, 2023, are eligible to apply for inclusion in the VBP tender before November 2, provided their…
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The national drug alliance procurement office has issued a notification detailing the tendering rules for the 9th national Volume-Based Procurement (VBP) round, along with the finalized drug list. This round involves a total of 42 drugs, spanning 12 treatment areas and representing a market value of RMB 10.963 billion (USD…
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The Fujian drug and device joint procurement center has published the “Fujian Fourth Round Drug Volume-Based Procurement (VBP) Document (draft proposal),” inviting public feedback until October 20, 2023. This initiative encompasses 50 chemical drugs and 24 Chinese patent drugs, with the procurement period set to last until December 31, 2025.…
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The Beijing Municipal Medical Insurance Bureau has announced its participation in the Jiangxi-led interferon inter-provincial alliance volume-based procurement (VBP) tender. Medical institutions are required to submit their demand volumes from September 27 to October 16. The tender includes a total of 15 drug varieties across 95 different specifications, shortlisted from…
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The Guangdong Medicine Exchange has issued three notifications regarding the volume-based procurement (VBP) of medical device products. This initiative will focus on tenders for nerve intervention spring coils, liver function biochemical testing reagents, and joint bone cement medical consumables. Guangdong is taking the lead in the “3+N” alliance, which includes…
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Shanghai’s healthcare security administration has announced a comprehensive set of measures aimed at enhancing community healthcare service capabilities. These initiatives include an appropriate increase in the outpatient and emergency clinic reimbursement ratio in primary medical institutions, aligning with the city’s commitment to improving access to healthcare services for its residents.…
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The Beijing Municipal Medical Insurance Bureau has issued a notification to commence the drug volume-based procurement (VBP) for the Beijing-Tianjin-Hebei region, covering a total of 37 drugs, including biological agents such as coagulation factors, fibrinogen, and human serum albumin. This initiative aims to streamline drug procurement processes and ensure cost-effective…
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The national high-value medical consumables joint procurement office has released a notification, marking the commencement of the fourth national-scale volume-based procurement (VBP) tender. This round focuses on artificial lenses and sports medicine medical consumables, with the Tianjin Medical Purchase Center taking on the responsibility of managing the joint procurement office’s…
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The National Allied Procurement Office has released a notification initiating the information filing process for drugs selected for the 9th national volume-based procurement (VBP) tender round. A total of 44 chemical drugs across 195 different specifications have been selected, with hospitals required to provide details of volume-usage for the affected…