Japan poised to put 70% price lid on biosimilars, cap generics at 50% of reference drug

Japan is considering capping the price of biosimilars at 70% of the reference drug, while lowering the price cap on generics from 60% to 50% of the price for the drugs they copy. The government has pushed generics as a way to lower drug spending but now appears poised to reduce those drug prices further as the economy continues to stall, putting pressure on the national health system, the Kyodo News reports. More from FiercePharmaAsia

Suggested Articles

Move over, Roche. There’s a new small-cell lung cancer therapy on the scene, and it belongs to AstraZeneca.

Fujifilm says it is prepared to ramp up production of Avigan for any country that wants to try it as a potential treatment for COVID-19.

Gilead CEO promised to make remdesivir affordable, shortly after the company backed off its request for orphan status amid a public backlash.