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International Business Times
International Business Times
World

Eli Lilly, Pfizer Among 19 Drugs Approved for China's Commercial Health Insurance

A Chinese national flag decorates the Erzsebet Bridge in Budapest, Hungary on May 8, 2024.

China has approved 19 innovative medicines — including major treatments from Eli Lilly, Pfizer, and Johnson & Johnson — for its first commercial health insurance drug catalog, creating a new pathway for companies to sell advanced therapies at better prices.

The announcement was made Sunday in Guangzhou, marking a major shift in how China plans to support costly drugs that are too expensive for its state insurance program.

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