Just one day after signing a deal to improve the safety of some Chinese-made drugs commonly used in the U.S., China has announced the the creation of a nationwide recall system for drugs, according to the Associated Press




The system, launched on Wednesday, "shifts responsibility to companies to recall harmful drugs, a day after U.S. and Chinese officials signed an agreement on the safety of medicine and medical devices" according to the AP. Companies have between 24 and 72 hours to recall a drug, depending on the drug and the nature of the problem with it. Abiding by the new rules helps companies avoid financial penalties.

Fiece Biotech reported the story on China's recall system for drugs and pointed out that China recently cracked down on the manufacturer of a tainted leukemia drug: "Shanghai Hualian Pharmaceutical also saw revenues from the drug seized, and company officials were taken into custody."