- Features & Analyses
- Foreign Direct Investment
- Retail Trade and Distribution
- Technology Media and Telecom
New Rules on Local Production of Imported Drugs in China
June 03, 2024 | BY
Susan MokFang Jianwei, Lv Chao and Yuan Chenhao of Zhong Lun Law Firm in Shanghai explain the background and impact – including on multinational companies – of a set of new rules governing the local production of imported drugs
Summary
- New rules issued by the National Medical Products Administration aim to encourage the local production of certain pharmaceutical products
- Chinese applicants are specifically targeted by the rules
- Priority review and conditional approval procedures are applied under specific conditions by the rules
- Multinational pharmaceutical companies are likely to find themselves impacted; finding local partners will be essential in some cases