Multinationals Return To Growth In China In First Half

New Drugs More Than Offset VBP Impact

AZ and Novo Nordisk reported sales growth from innovative new drugs in China, despite the lingering impact of the country's volume-based procurement scheme. Meanwhile, Novartis, Sanofi and Roche saw gains for new antibody and cancer drugs, along with solid vaccine sales.

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Multinational drug makers return to growth in first half of 2023

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