Medicine shortages could get ‘significantly worse’, industry group warns

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Medicine shortages could get ‘significantly worse’, industry group warns via IrishTimesBiz

Much of the current wave of infection is attributed to the impact of Covid lockdowns when isolation meant younger children, in particular, did not pick up the infections they might normally do and therefore built up no immunity to them. That cohort is running into those infections for the first time this year alongside the younger toddlers who would normally do so for the first time each winter.

“As a small market, Ireland is more likely to be badly impacted by inflationary pressure and, as costs continue to rise, market conditions will become increasingly unviable for companies supplying generic medicines to Irish hospitals and pharmacies,” said Padraic O’Brien, chairman of Medicines for Ireland. “Additionally, in some cases, our reimbursement prices for certain medicines are too low compared with other EU countries.

He said a survey of the group’s members found that 91 per cent had faced increased manufacturing or import costs this year in Ireland and all anticipated rising transport costs over the next year or two.

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