HOME    NEWS    SPECIAL REPORT    PHOTO    COMMENTARY    VOICE
NEWS > Business
38 foreign pharmaceutical firms agree on transparent, fair sales in China
2006-10-16 08:56:02 Xinhua English

BEIJING, Oct. 16 (Xinhua) -- Thirty-eight foreign-funded pharmaceutical companies have agreed on a new regulation that requires transparent and fair sales activities in China.

The move is in line with the country's crack-down on commercial bribery in the health sector, said Shu De, director of the medical division of China Association of Enterprises with Foreign Investment.

Shu, at a forum in Beijing on cracking down on commercial bribery in medical fields, said the regulation encourages more transparent sales activities and thus helps create a fair market for all firms.

Foreign pharmaceutical giants including Pfizer, Novartis and Roche agreed not to offer bribes and ask doctors to change prescriptions in order to win more contracts.

The companies also agreed not to offer medical staff free overseas travel as well as rewards.

Li Xi, a senior official with the Ministry of Health, said that from August last year to July this year, China tackled more than 790 commercial bribery cases in its health sector involving 57 million yuan (7.2 million U.S. dollars).

Pharmaceutical firms often offer bribes to doctors or hospital officials to ensure the sale of their medicines.

Such corruption is partly blamed for China's many over-priced medicines, which are often out of the reach of poor people. Enditem

MORE NEWS
UN reports sharp rise in patent filings in China  
Strict taxation enforcement to push China's tax revenue to new high  
Hundreds line up in Hong Kong to buy shares of ICBC in world's biggest IPO  
Issuing A+H shares way to reform state-owned enterprises  
China to begin filling 2nd strategic oil reserves by year end  
ICBC begins taking orders for Shanghai-listed shares  
Chinese air ticketing goes fully electronic  
China needs more than 2,700 civil helicopters in 20 years  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reports£¬or find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright © 1996-2006 SINA Corporation, All Rights Reserved