Austerity Measures Impacts Local Drug Company Performance

BMI Core View: Governments will increasingly impose price controls on pharmaceuticals. Drugmakers have generally charged what the market will bear in both developed and emerging markets. High prices were accepted by patients and national health services because it was hard to equate monetary cost to clinical benefit. With the advent of health economics, coupled with increasing budget deficits, there will be more caps on medicine expenditure, especially on essential drugs.

To read the full article, please choose one of the following options: