Industry / Germany
AOK Opens New Generics Tender
August 2008 | Industry NewsGermany's largest health insurance fund Allgemeine Ortskrankenkasse (AOK) has initiated the first Europe-wide tenders for contracts to supply generic drugs, in an effort to spark a bidding war and drive down prices. The generic procurement contracts will cover 64 active pharmaceutical ingredients (APIs), worth a reputed EUR2.3bn (US$3.4bn). The closing date for offers is October 6 2008. AOK aims to make mid triple-digit million euro savings annually as a result of the two-year
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