Levan Gogiberidze, Chairman of the Georgian Pharmaceutical Association, stated that the sector is ready to cooperate if the government proposes additional measures to reduce medicine prices. Speaking ahead of a meeting with the government’s Price Commission, he noted that the reference pricing system already sets prices for about two-thirds of medicines in Georgia.
“The pharmaceutical sector does not control medicine prices - this is the responsibility of the state. We have agreed to operate under the reference pricing system and will continue to do so. For products not covered by this regulation, such as care items, baby care, and nutrition, it remains to be seen what solutions the sector can find to reduce prices,” Gogiberidze said.
The Price Commission, chaired by Prime Minister Irakli Kobakhidze, began discussions with pharmaceutical companies at 13:00. Earlier, the commission held meetings with representatives of supermarkets and distribution companies. A session with fuel companies is also scheduled for later this week.
At the end of 2025, Prime Minister Kobakhidze highlighted that food prices in Georgia are significantly higher than in European countries, partly due to high markups by distributors and retail chains. He instructed law enforcement to investigate potential criminal practices and indicated that antitrust mechanisms could be used if necessary.
