Wednesday, January 6, 2010

Cabinet of Ministers pumps up control over prices in pharmaceutical industry

During the meeting with reps of pharmaceutical business in Ukraine Yulia Tymoshenko, prime minister of Ukraine, ordered to create a coordination commission to check the fairness of price-setting in pharmaceutical industry. As of now no concept of price-setting apart from vague remarks of the prime minister has been suggested. However, prime minister told that if the price-setting is found unfair the licenses of drug stores will be revoked for good.

The commission will consist of reps of the Tax administration, Anti-monopoly committee, State inspection on price cotrol, and Association of producers of medical products. Source.

The price-setting mechanism for medical products in Ukraine is a question of corruption for a long time, esp. when the government agencies buy drugs at artificially inflated prices. However, back then no questions to price-setting mechanism were asked. Prior to presidential campaign the government played the card of "flu epidemics threatening the nation" and drug-stores became the culprits of deficit and speculation with flu prevention drugs. Following the scandals with drug-stores getting filthy rich speculating on first aid drugs the government continues to develop the story increasing its intervention in and discretionary power over the pharmaceutical business in Ukraine.

No comments:

Post a Comment

 
http://www.blogger.com/html?blogID=6885951565055517224
Top Blogs Finance