A change in mentality is being called for in Spain in relation to howdrug companies, pharmacists, doctors, consumers and hospitals address the use of pharmaceuticals, reports the Spanish newspaper Cinco Dias. The reason behind this is the need to control pharmaceutical spending, which in 1996 amounted to 888.14 billion pesetas ($6.2 billion), an increase of 10.92% on the previous year. The growth rate is slowing and it is expected that in 1997, the rise in spending will not exceed 10%.
Spain has reached the point where it is introducing generics legislation and reference pricing (Marketletters passim) in order to keep down costs in the health care sector. Ana Maria Naveira, Spain's director general of pharmacy at the Ministry of Health and Consumption, told Cinco Dias in an interview that she wants to ensure that there is some balance between the interests of the research-based companies and the generics manufacturers, while cutting costs.
New Generics Law; Reference Pricing Coming A new law passed last month (Marketletters passim) brought about the introduction to the Spanish market of bioequivalent generics with the aim of saving the Ministry of Health 30 billion pesetas in health care costs over the next three years, according to Ms Naveira. She said that this will be an interactive process and, more importantly, that spending will undergo a structural change within pharmaceutical policy.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze