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23 April 2024

China to consolidate pharma sector

China aims to expand its pharmaceutical distribution networks. (SUPPLIED)

By Staff Writer

China plans to encourage mergers among the nation's pharmaceutical distributors to consolidate the sector, the official Xinhua News Agency reported yesterday, citing an interview with Vice Commerce Minister Jiang Zengwei.

The government will lend policy support to consolidate the country's drug distribution industry while allowing competition in the business, it said, without giving details.


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