Medicine shortage exacerbated by inflexible pricing, says industry analysis

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Medicine shortage exacerbated by inflexible pricing, says industry analysis
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Industry executive says Ireland needs to rethink one-way approach to pricing if it is to ease pressure on pharmacies via IrishTimesBiz

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The medicines currently experiencing shortages, according to the HPRA are used across a range of health areas, including infection, pain relief, cancer treatment, seizures, mental health, blood pressure, diabetes and hormone replacement therapy.

“The consequence is that patients and pharmacists are in an ever-worsening situation. Patients will be increasingly anxious. Pharmacists are exposed by the reality of single-source supply situations, overstretched doctors and inflexibility to give them new mechanisms to respond.” “The problem for the industry generally is that prices in the EU are so low that companies have shut down the plants that make the active pharmaceutical ingredient and moved to the lowest-cost source,” Ms Gannon said.

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CathMurphyTD Reminder we are the 6th largest pharma producing country in the world

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