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China VBP, Localization And Other Strategies - How Far And Which Way?

EY Partner On China Developments

 
• By Brian Yang

Could health sector players encounter issues similar to those facing Tesla in China, a country which virtually saved the electric vehicle maker but where it is now facing challenges? Are there any lessons to be learned from a success story under China's volume-based procurement scheme? A partner at EY looks at these and other issues. 

Red and blue arrows up and down with dollar coins, mixed fortunes
VBP roll-out forces health players to consider new localization options in China • Source: Shutterstock

In an exclusive interview, Hua Su, Life Science and Healthcare practice leader and partner at Ernest &Young (EY) Parthenon, shares his recent comprehensive research on China's volume-based procurement (VBP) scheme for pharma and medtech products, as well as options for companies hit by spreading price-cutting schemes and pondering their next strategic moves in this key market.

China continues to relentlessly roll out VBP, already in its 10th round for pharma products and fourth for medical devices, and companies should prepare for the next

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