In May 2015, China's Food and Drug Administration ("CFDA") announced it is raising the registration fees imposed on pharmaceutical drugs and medical devices. A new drug produced in China now faces a registration fee of 624,000 yuan ($100,637), compared with 35,000 yuan ($5,645) in 2013. Registration fees for imported products vary by category but tend to be much higher; for example, it costs $156,423 to register a foreign-made, new drug in China. The increased fees come at a time of significant backlog in regulatory approvals. At the end of 2014, more than 18,500 drug applications were pending approval at CFDA.

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