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City to attack medicine shortages
By Cai Wenjun |
September 16, 2011, Friday
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Print Edition
Print Edition
SHANGHAI has set up a mechanism to help solve the shortage of cheap but effective medicines, which are disappearing from the market due to meager profit margins, authorities said yesterday.
The government will give subsidies and take other actions to encourage production, according to officials of the Shanghai Food and Drug Administration.
In recent years, there have been repeated shortages of many key medicines because their low prices that have removed the incentive for firms to produce them.
Some 342 kinds of cheap medicine are hard to find or are disappearing completely.
They range from skin creams to anti-viral drugs to allergy medications.
Eleven cheap, classic medicines that are under shortage or have run out of stock will reappear in Shanghai with the same price at 10 outlets of Huashi Pharmacy today.
One such drug is chlortetracycline hydrochloride eye ointment, which saw a halt in production early this year due to its price of only 2.4 yuan (38 US cents).
The government will give subsidies and take other actions to encourage production, according to officials of the Shanghai Food and Drug Administration.
In recent years, there have been repeated shortages of many key medicines because their low prices that have removed the incentive for firms to produce them.
Some 342 kinds of cheap medicine are hard to find or are disappearing completely.
They range from skin creams to anti-viral drugs to allergy medications.
Eleven cheap, classic medicines that are under shortage or have run out of stock will reappear in Shanghai with the same price at 10 outlets of Huashi Pharmacy today.
One such drug is chlortetracycline hydrochloride eye ointment, which saw a halt in production early this year due to its price of only 2.4 yuan (38 US cents).
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