Tuesday, April 14, 2009

Price cuts galore!

European nations may cut the prices of prescription drugs more than once a year - and for several years - without breaking Community law, the European Court of Justice has told drugmakers.

European Union (EU) legislation gives member states broad powers to organise their social security systems and regulate pharmaceutical consumption to ensure the financial stability of their health insurance schemes, the Court ruled this month, in a case brought by drugmakers against price reductions imposed by the Italian government.

More at PharmaTimes

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