VBP bidder application meeting: Direct drug delivery by brand

(VBP) bidder application meeting from October 21 to October 27. This year’s bidding process allows selected suppliers to directly deliver drug demand by brand, an approach adopted by over 77% of 46,000 institutions. Since its launch in 2018, the VBP program has cut average drug prices by 50% and now covers 55 drug varieties, with safeguards in place to prevent below-cost bidding and ensure fairness and quality. https://lnkd.in/dvi667AG #NAVLINDaily #PharmaPolicy #APAC

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