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Monday, August 26, 2019

China loosens curbs on small, unapproved drug imports

China said on Monday it was relaxing drug laws to give greater leniency to people who import small amounts of medicines unapproved in China but sold legally overseas.
Under the previous law, such drugs were classified as “fake drugs”. Those caught importing unapproved medicines were considered drug smugglers and faced heavy penalties.
The change is part of wider revisions to drugs laws and authorities said it recognized how some Chinese, unable to afford expensive foreign-made, brand-name drugs, were turning to the grey market to buy cheaper generic versions that had not been approved by local regulators.

Beijing has been trying to reduce out-of-pocket costs for drugs, including cancer treatments. It has put more medicines on its national medical insurance schemes and cut import tariffs, for example.

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