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Drugmakers slashed prices in the latest round of bulk buying program in order to win state contracts and get covered by the country's government-run medical insurance scheme.
The latest round of drug procurement saw the government pick 55 kinds of drugs and drugmakers cut prices by 53 per cent on average, by up to 95 per cent for some medicines, according to the official Xinhua News Agency, citing preliminary bidding results.
Foreign and domestic drugmakers dispatched their representatives to Shanghai on Thursday to bid for contracts to supply a wide array of commonly . . .
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