Management of Chinese materia medica market based on information asymmetry.
- Author:
Guang YANG
;
Nuo WANG
;
Lan-Ping GUO
;
Yong-Yan WANG
;
Lu-Qi HUANG
;
Jin-Xin LIU
- Publication Type:Journal Article
- MeSH:
Accreditation;
Materia Medica;
economics;
standards;
Medicine, Chinese Traditional;
economics;
standards;
Reference Standards;
Social Control, Formal
- From:
China Journal of Chinese Materia Medica
2013;38(23):4168-4173
- CountryChina
- Language:Chinese
-
Abstract:
Pharmaceutical market is a typical market with information asymmetry, and which can lead to "lemons" problem. In all developed countries, firms must receive regulatory approval to market a pharmaceutical product. Such administrative department including SFDA, EMA, FDA and so on. Chinese materia medica is a special part of pharmaceutical market in China. The management of Chinese materia medica is a special challenge in China.