M dicaments: les carts de prix inqui tent les labos
Article Abstract:
Since the borders were opened in Europe, pharmaceutical wholesalers and retailers have obtained supplies in Spain and Italy where the medications are the least expensive, then sending them to Germany and the Netherlands where the prices are highest. These black market imports represent 15% of the European pharmaceutical trade, and a shortfall of Euros 400mn per year for manufacturers. In order to protect itself, Glaxo-Wellcome, the British group, requires Spanish wholesalers to sell their medications to importers at prices higher than those in Europe. From now on, pharmaceutical companies are negotiating consistent prices in the various countries after their medications are approved. The industry is now worried about the passage of the Euro which will make price differences still more obvious. Experts predict that prices of medications for the general public will drop, but that there will be no noticeable effect for products which are reimbursed.
Comment:
EU: Pharmaceutical cos negotiate consistent prices in various countries after medications are approved due to black mkt problem
Publication Name: Expansion
Subject: Business, international
ISSN: 0014-4703
Year: 1998
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Europe: Euro Trust to expand abroad
Article Abstract:
The Danish company Euro Trust is to expand abroad by the beginning of 2002. The company has obtained the rights to VeriSign's products for the markets in Scandinavia, Italy, Switzerland and Austria, and will open sales offices in Sweden, Norway and Switzerland in the first six months of 2002. Last summer, VeriSign made a capital injection totaling DKr 300mn (USD 36mn) into Euro Trust.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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