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Legislation: China announces the future online sales of prescription drugs

Legislation: China announces the future online sales of prescription drugs

January 9th 2015 - www.reuters.com

China will allow the online sale of prescription drugs as early as this month, opening up a potential market of over 161 billion US$. The Chinese health authority (the China Food and Drug Administration) is finalizing the list of authorized drugs to be sold online.
This new policy will benefit to online retail pharmacies such as Alibaba Health or JD.com in order to wrest sales from hospitals which represent over 70% of the sales of prescription drugs. However it will increase the risk of distribution of counterfeit pharmaceutical products, problematic already present within the online sales of medicines in China.