The State Administration for Food and Drug has approved simultaneous port inspection and market sales of Herceptin, the Shanghai Municipal Food and Drug Administration told thepaper.cn Monday.The move saves two to three months from the time required for the drug to reach the hands of customers amid a shortage in the domestic market.Herceptin is a targeted therapy for HER2 positive metastatic breast cancer and HER2 positive gastric cancer. Patients who lack the drug might not recover or could risk shortening their lives.In July 2017, Herceptin was included in the National Reimbursement Drug List. The market price of the drug, which was marked 19,800 yuan ($3,092) for an injection before the inclusion, dropped 60 percent to 7,600 yuan.As the national reimbursement scheme can cover 70 to 80 percent of the drug's cost in most regions, meaning a customer can buy Herceptin at 1,500 yuan for an injection, demand for the drug skyrocketed.Swiss-based drug maker Roche Holding AG, the producer and sole supplier of Herceptin in China's market, said on May 31 that the company has taken several measures to deal with the shortage, including implementing the China market priority strategy, raising the production capacity to full steam, and optimizing logistics channels.The company also filed an application with the State Administration for Food and Drug, asking to relocate the production of Herceptin from its current base to a new one with a higher production capacity. The application was approved May 30.Despite the measures, the company said as it takes longer for production and inspection of the drug, and also time for import and inspection by Chinese authorities before entering the market, it still needs time to fully meet the demand. silicone wristbandsdebossed wristbandwide rubber bandscheap custom wristbands24 wristbands
South Korean President Moon Jae-in delivers a speech during an opening ceremony for 2nd annual meeting of Asian Infrastructure Investment Bank (AIIB), in Jeju, South Korea June 16, 2017. [Photo/Agencies] JEJU ISLAND, South Korea - The China-initiated Asian Infrastructure Investment Bank (AIIB) won achievements in a short time of just one and a half years despite challenges facing the international development bank, South Korea's deputy finance minister said. AIIB already generated achievements in one and a half years of its establishment, Song In-chang, deputy minister for international affairs at South Korea's Ministry of Strategy and Finance, told Xinhua Saturday on the sidelines of the AIIB's annual meeting. The second annual meeting of the AIIB's board of governors lasted for two days through Saturday in South Korea's southern resort island of Jeju. The first meeting was held in Beijing last year. The third annual meeting was scheduled to be held in India in June 2018. The AIIB, officially launched in January 2016, is a multilateral development bank initiated by China and supported by a wide range of countries and regions, which provides financing for infrastructure improvement in Asia. The deputy minister said the 18-month-old AIIB achieved what other multilateral development banks (MDBs) took four to five years to achieve. To date, the AIIB has approved 2.49 billion U.S. dollars in financing for 16 infrastructure projects in nine countries. Twelve of the projects were co-financed, while four were standalone projects prepared by the bank. AIIB's progress is very fast. AIIB President Jin Liqun did well, said Song. Despite the lack of experience of the newest international financial institution, Song said the AIIB has an advantage of making a fast decision by the decision-making body. He said the South Korean government will actively support corporate infrastructure projects linked to the AIIB by creating a firm networking with AIIB officials. Meanwhile, Song held a separate press conference with local reporters on Saturday, saying South Korea's hosting of the AIIB's first annual meeting outside the Beijing headquarters had a great meaning to the country. President Moon Jae-in, who took office on May 10, made a congratulatory address at the opening ceremony of the AIIB annual meeting on Friday, making a debut into the international event. South Korea is the fifth-biggest shareholder of the AIIB which owns about $100 billion of subscribed capital, including some $20 billion in paid-in capital. The deputy minister said South Korea planned to share its technology, experience and finance of infrastructure with other AIIB members to contribute to the environmentally-friendly economic development in Asia. Among the 80 approved members, 75 delegations attended the AIIB's second annual meeting along with 46 officials from multilateral development banks such as the Asian Development Bank. It was a very high participation rate, said Song. In addition to the delegations and MDB officials, central bankers and over 20 finance ministers attended the second annual meeting. The number of AIIB members was raised to 80, including 57 founding members, as the board of governors approved Argentina, Madagascar and Tonga as new members during the business session on Friday.
