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Price Reductions on Medicines Halted

Published: September 3, 2013 | 11:23 am
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Why has the process of making medicines cheaper been halted? Based on the information obtained from experts in the pharmaceuticals field, as well as the NGO Healthy Living, it has been reported that while prices on certain medicines dropped by 20%-50% during the first two months following last year’s parliamentary elections, no further price reductions have been registered thereafter. According to the NGO spokesman Giorgi Baramidze, prices on up to 500 different medicines were reduced after the elections, but the process was then halted for reasons unknown to him. In response, pharmacy expert Tina Turdzeladze has stated that price should reflect the quality of the product. According to her, it is inappropriate to talk about price reductions while the issue of product quality on the market still hasn’t been resolved.
According to a statement from the Health Ministry, prices on medicines are being set by the market, and as there are thousands of different products on the market, the ministry can only study the dynamics of the prices and assess the risks.

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