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China is negotiating with pharmaceutical firms to lower medicines indicated for cancer and other major illnesses by half

China Negotiates with Pharma Firms to Halve Prices of Patented, Imported Drugs

Mar 12, 2016 06:29 PM EST

The National Health and Family Planning Commission of China is trying to negotiate with pharmaceutical firms to slash the prices of five drugs which are used to treat cancer and other major diseases. This is part of a pilot program to reduce healthcare cost for patients, the head of the commission Li Bin, said on Tuesday.

FDA Approves First Generic for Gleevec Anti Cancer Pill

Marie de Vera |

Dec 06, 2015 08:14 AM EST

United States Food and Drug Administration have approved the first generic version of Gleevec – one of the first very effective, but high valued cancer drugs, costing about $10,000 monthly.