Monday March 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece to boost share of generics in drugs market, minister Says

Greece wants to triple the share of generic drugs prescribed by the end of next year, closing the gap to targets set by international creditors under the terms of the country’s bailout, Health Minister Adonis Georgiades said.

The share of generics in the total volume of prescription drugs sold in Greece will rise to “at least” 30 percent by the end of 2014, compared with 19.8 percent at the end of last year, closer to a national target for a 60 percent share, Georgiades said in an interview in Athens on Thursday. The minister said he would consider less than 30 percent at the end of 2014 a “failure” and that 60 percent goal will probably be reached by the end of 2015.

The share of copycat drugs sold in Greece is still very low compared to the European average of more than 70 percent, Georgiades said, adding that the government will cut the average treatment price gradually every six months, to allow local manufacturers to adapt to international competition.

Cuts in public spending on drugs is one of the conditions attached to Greece’s bailout, supported by 240 billion euros ($331 billion) in loans from the euro-area member states and the International Monetary Fund. The market for generic medicine in the country is about 500 million euros a year a number that will increase to about 750 million euros when Greece reaches the 60 percent mark, the minister said.

Georgiades said Greece has copycat drugs of “high quality,” dismissing concerns about drugs imported from developing countries and adding that targeted reductions to regulated prices won’t affect quality.

“We are talking about the same drugs used everywhere in Europe,” he said. “I haven’t heard of European patients suffering en masse from low-quality medication.”

Georgiades said he strongly opposes demands from international creditors to allow the sale of non-prescription drugs in supermarkets and the deregulation of pharmacies.

“The point is to land the plane, not crash it,” he said. Greece has about 11,500 pharmacies, when 6,000 would be sufficient for its needs, he said. At the same time, it has more specialized doctors and fewer general practitioners and nurses compared with other European Union member-states.

“An army full of generals, and few soldiers,” the minister said. “We know that this is not sustainable, but we don’t want to take measures that will lead half of the country’s pharmacies into bankruptcy. We should remember that unemployment in Greece is 28 percent.”

Georgiades said there aren’t vested interests in the health-care sector that enjoy government protection.

“In 2009, the size of the drugs market in Greece was 5.6 billion euros, and pharmacies were operating with a 30 percent profit margin,” he said. “Now, the market has shrunk to 2 billion euros with a 20 percent profit margin. We don’t offer special protection, we’re just giving the industry sufficient time to adapt in the new reality.”

[Bloomberg]

ekathimerini.com , Friday March 7, 2014 (10:09)  
Greece says not backing down on debt relief goal
Greece´s OPAP 2014 profit jumps on new games, cost cuts
European stock-index futures rise as investors look to Greece
ECB nerves fray on Greece as supervisors rile central bankers
Work on tram extension begins in Piraeus
Traffic restriction began in Piraeus on Monday as work began to extend the tram line to the port. Drivers are advised to follow the diversions put in place by authorities. The work on the tr...
Claim of responsibility for Athens police precinct attack
An attack on Dafni police station in southern Athens has been claimed by an unnamed group. The attack led to four vehicles being burned and, according to the claim of responsibility publishe...
Inside News
SOCCER
Improved Greece draws 0-0 at Hungary
Greece ended up goalless with Hungary in Budapest on Sunday, on manager Sergio Markarian’s debut on the national team’s bench, a result that has left Greece at the bottom of its Euro 2016 qu...
HANDBALL
Hooligans mar PAOK´s handball cup triumph
PAOK won its second Greek Cup in handball beating AEK 29-27 in Sunday’s final in Thessaloniki, but the clashes between AEK fans and the police as well as the exchange of lethal flares betwee...
Inside Sports
COMMENTARY
Let´s change the subject
Let’s talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. It’s better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece says not backing down on debt relief goal
2. Greece´s OPAP 2014 profit jumps on new games, cost cuts
3. Work on tram extension begins in Piraeus
4. Claim of responsibility for Athens police precinct attack
5. Flooding in Serres after river bursts its banks
6. European stock-index futures rise as investors look to Greece
more news
Today
This Week
1. ECB nerves fray on Greece as supervisors rile central bankers
2. Greek markets show all at risk should mistake trigger a default
3. European stock-index futures rise as investors look to Greece
4. Claim of responsibility for Athens police precinct attack
5. Flooding in Serres after river bursts its banks
6. Work on tram extension begins in Piraeus
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Eurogroup unlikely to be held soon to discuss Greek reforms
4. Some more equal than others
5. Moscow expects progress from Tsipras visit
6. Greece to present reforms by Monday, says gov't spokesman [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.