Price Cuts Enforced On 300 Prescription Drugs

In a move to cut spending, the Irish government has come to an agreement with the Irish Pharmaceutical Healthcare Association (IPHA) to cut the prices of approximately 300 prescription medicines by 40%. The price cuts are expected to save the state nearly EUR94mn a year, with each consumer saving EUR3-4 per prescription and approximately EUR500 annually. BMI believes this measure is among a number of initiatives the government will be implementing in order to contain the spiralling government budget deficit. The government is yet to secure a similar price-cutting commitment from generics makers, which are represented by the Association of

To read the full article, please sign in or take a free trial.