World News | Pfizer's Paxlovid Not Included in China's National Insurance

Taipei (Taiwan), Jan 10 (AP) Chinese health care authorities declined to include Pfizer's COVID-19 treatment drug in a national reimbursement list that would have allowed patients to get it at a cheaper price throughout the country, saying it was too expensive.

Paxlovid, an oral medicine developed by New York-based drugmaker Pfizer, has been widely sought after in China since the country began phasing out its “zero-COVID” restrictions and a surge of infections started sweeping through the country.

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Although it is supposed to be prescribed by medical professionals, that hasn't stopped people from scrambling to purchase it on their own through any means at their disposal — including buying generic Indian versions of the drug through the internet, according to local media reports.

Health care policymakers can leverage bulk purchases to lower prices in negotiations with pharmaceutical companies that, in turn, can net a steady source of revenue. A drug must be included on the reimbursement list to be covered by the national insurance scheme. China will include two other COVID-19 drugs, the Chinese-made antiviral Azvudine and the Chinese herbal blend medicine Qingfei Paidu Granules, the National Healthcare Security Administration said in a statement Sunday.

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Paxlovid will still be available for use for those patients who can afford it. Paxlovid and Azvudine are prescription drugs used to prevent mild COVID-19 cases from becoming more severe.

Pfizer's CEO Albert Bourla said the company was working directly with Chinese authorities who have shown “tremendous interest” in the treatment. “We are sending as much Paxlovid as we can,” he said Monday in an interview with CNBC. He did not mention Paxlovid being excluded from the national reimbursement list.

While the Chinese government has blocked the import of non-Chinese-made vaccines such as the Pfizer mRNA shot, relying on domestically made vaccines, it nonetheless approved the company's COVID-19 drug for import in February 2022.

The country is grappling with a major COVID-19 wave, as the virus has swept through major cities such as Beijing and Chengdu. Sunday was the first day in almost three years that visitors no longer needed to quarantine when travelling to China. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)