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Reference Prices To Be Applied To A New Group Of Medicines From August 15 - Georgian Pharmacy Association

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BM.GE
19.07.23 11:00
913
From August 15, the reference prices will be applied to a new group of medicines - the President of "Georgian Pharmacy Association" Levan Gogiberidze told TV-program "Business Course".

According to him, the pharmaceutical sector is against this decision.

"According to my information, reference prices will be applied to a new group of medicines from August 15. However, the sector hopes that the body will not take this decision in August. As pharmaceutical companies explain a large number of employees are on vacation, moreover they find it difficult to communicate with their foreign partners during this period. Now, we are waiting for an answer from the Health Ministry", he said.

According to the new rule, the state set an upper limit at what price medicines should be sold or imported from January 2023. Prices should be determined by a specific formula based on a comparison with other countries. Reference prices were applied mainly to those medicines that are financed by the state, including medicines for chronic and oncological diseases.

According to the Ministry of Health, the reference price will be extended to the entire market.