No mainstream U.S. ‘news’ site has published the news below (as far as I can tell from Google News searching ‘china’ ‘generic’ and ‘drugs’), but good for the Chinese! How can its government pass this law, one our corporate masters are so afraid of they don’t want us to know about it? China has a responsive and populist government on health care, the opposite of what we get with our elections here in the U.S. So, if we adopted China’s dictatorship form of government would our health care be run in the public interest? ;->

China changes patent law in fight for cheaper drugs

Tan Ee Lyn, Reuters, June 9, 2012, 12:59 am

China’s drug-law revamp rattles Big Pharma

By Tan Ee Lyn, Reuters, June 9, 2012

China to license copies of patented medicines

New law allows companies to produce generic versions during emergencies, unusual circumstances, or in public interest.

Last Modified: 09 Jun 2012 05:22

UPDATE: I did an expanded re-run of that Google news search and found CNBC and MSN Money reprints of Tan Ee Lyn’s Reuters piece. As ThingsComeUndone notes below, this news should have a major impact on Big Pharma stock prices, and it’s the main duty of the financial press to keep its investor readers informed on such things.