Grindeks: medicines to be­come more ex­pen­sive be­cause of new Eu­ro­pean re­quire­ments

Baltic News Network - - News -

Due to the adop­tion of a ver­i­fi­ca­tion sys­tem to check safety of medicines, medicines are ex­pected to be­come more ex­pen­sive, said Ju­ris Bun­dulis, board chair­man of Grindeks.

He says adop­tion of a ver­i­fi­ca­tion sys­tem will re­quire sig­nif­i­cant in­vest­ments from medicine pro­duc­ers. With that, price rise for medicines is un­avoid­able. «We have to con­sider how this will af­fect pa­tients, be­cause medicines will most def­i­nitely be­come more ex­pen­sive. For ex­am­ple, Grindeks has to in­vest sev­eral mil­lion eu­ros to im­ple­ment se­ri­al­iza­tion re­quire­ments. Equip­ment man­u­fac­tur­ers are happy – their busi­ness will def­i­nitely bloom,» said Bun­dulis. At the same time, he says coun­ter­feit medicines are not dis­trib­uted by le­gal phar­ma­cies, which are sub­ject to the new sys­tem. The in­ter­net is used to dis­trib­ute those prod­ucts. This is why it is im­por­tant to ex­plain to pa­tients that buy­ing medicines on the in­ter­net comes with risk of pur­chased medicines hav­ing a detri­men­tal ef­fect on their health.

On top of that, it is nearly im­pos­si­ble to iden­tify coun­ter­feit medicines dis­trib­u­tors on the in­ter­net. If pa­tients pur­chase low-quality medicines in phar­ma­cies, it is clear who sup­pli­ers and dis­trib­u­tors are. Ad­di­tion­ally, they have to com­pen­sate dam­ages caused by their medicines. «Leg­is­la­tion and pa­tients’ rights are very clear and guar­an­teed,» said Bun­dulis.

Grindeks board chair­man also said it is wrong for the cur­rent reg­u­la­tion to cover many com­pa­nies on which the planned ver­i­fi­ca­tion sys­tem will not ap­ply. He also notes that the ar­gu­ment that only 1% of the en­tire medicines turnover goes through cases of ex­cep­tion, which is unac­cept­able. «If there is a hole in market su­per­vi­sion, this 1% can quickly grow into 10%,» says the board chair­man of Grindeks. Read the full ar­ti­cle on


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