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Local Generics Win Big In China's Latest National Tender

Eisai's Lenvima Loses Out

 
• By Dexter Jie Yan

Only four multinationals, including Pfizer, had to make deep cuts to the prices of their off-patent drugs to outbid local generic competitors in China’s seventh round of centralized volume-based procurement. Among the foreign firms that lost out in the bidding, Eisai looks set to be dealt the heaviest blow in terms of market share.

China generics tender program
Only four multinationals secured listings for off-patent drugs in China's latest tender program • Source: Shutterstock

Multinational pharma companies appear set to continue ceding the dominant positions of their off-patent drugs in the pharmacies of Chinese public hospitals, as they emerged battered from the seventh round of China’s national tender program for generic medicines.

While foreign drug makers currently hold the leading domestic market share for roughly 40% of the 61 generics targeted in...

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