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Slashed Activities, Reduced Sales: Commercial Crackdown Dents Drug Makers In China

Plus VBP, unfavorable exchange rates

 
• By Brian Yang and Dexter Jie Yan

Among multinationals, AstraZeneca has reported its commercial activities have been negatively impacted by China's broad anti-corruption campaign, while J&J has seen some affect from the country's volume-based procurement scheme. Roche, Lilly and Novartis have also reported some softness in the last quarter versus the previous three months.

China Flag with numbers
China's massive anti-corruption campaign reduces commercial activities, dents sales • Source: Shutterstock

An ongoing anti-corruption campaign and the weakness of the Chinese yuan against the US dollar turned out to be two major overhangs for multinationals’ third-quarter financial performance in China, major companies’ results showed.

AstraZeneca PLC’s revenue from China fell 6% year-over-year to $1.5bn in the three months ended 30 September. Excluding foreign...

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