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Pharma industry seeks meeting with officials over ‘puzzling’ medicine price increase set by health minister

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The Pharmaceutical Task Group had anticipated a price hike broadly in line with average consumer price inflation for 2022

SA’s key industry association for pharmaceutical manufacturers is to seek a meeting with senior health officials over the “puzzling” 3.28% maximum price increase for private sector medicine sales in 2023.

The Pharmaceutical Task Group says it had anticipated a price hike broadly in line with average consumer price inflation for 2022, which the SA Reserve Bank forecast in November would come in at 6.7%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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