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China drug price reform will "improve services"

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07-Jul-16 China's top pricing regulator has launched a round of drug pricing and healthcare financing reform in the latest attempt to improve the nation's public healthcare system. The pricing reform is expected by the end of 2020, by which time financing of all public hospitals will mainly depend on healthcare services and government compensation, rather than markup of drug prices. [image: Inventariando China]

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China rides biotech wave

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01-Jul-16 Biotechnology is one of seven strategic industries that the Chinese government designated in the 13th Five-Year Plan. "Made in China 2025", an initiative to upgrade industry, also designates biotechnology as a key industry to push economic development. China's bio-pharmaceutical market is expected to reach USD601 bn by 2020. [image: China Daily]

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Korea's H&Surgical signs USD2 mn contract in Iran

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30-Jun-16 H&Surgical, one of 169 businesses that accompanied President Park Geun-hye to Iran in May 2016, secured a contract worth USD2 mn over three years. Local partners will import finished or semi-finished products or participate in production. These partners will also export localized H&Surgical products to nearby countries in the Middle East. [image: Business Korea]

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“Fast and furious growth” – private healthcare operators

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29-Jun-16 In developing markets private healthcare players expect to grow revenue by 14% annually, whereas in developed markets operators expect growth of 11%. Emerging markets are particularly affected by the challenge of retaining staff. The picture is of huge untapped and unmet demand. New apps which connect patients to their records will also have a big impact. [image: Healthcare Business International]

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