PWC: Pharma industry of RM

PWC: Pharma industry of RM

• 05.08.2010

PricewaterhouseCoopers Moldova held a round table conference on 29 July 2010, dedicated to the Republic of Moldova Pharma industry. This event gathered representatives of importing and distributing pharmaceutical products companies, as well as the management of Representative Offices in Moldova of globally recognised medicine producer companies.

The purpose of this meeting was to initiate a dialogue with the Pharma industry participants in order to analyse the new regulations regarding the approval and registration of producers’ prices for medicines. The Regulation concerning the approval and registration of producers’ prices for medicines was established by Government Decision no. 525 dated 22 June 2010 and will be enforced from 1 September 2010.

The business community has welcomed the Government objective to protect the social interests of consumers and the transparency of medicine pricing. In its opinion, however, such a reform should also be correlated with the necessity to sustain the development of the Pharma industry.

The event participants noted a set of aspects which should be considered. The business environment is counting on the state authorities to examine soon the possibility of improving the Regulation’s provisions.

The event participants shared their concerns regarding the potential impact which the implementation of the new registration requirements of producer prices will have on all varieties of medicines. The practice of other states, for instance, is that the registration of producer prices and the regulation of selling prices for medicines only cover a limited area of pharmaceutical products. For example, in Russia the prices should be registered by producers only for essential medicines (necessary and vitally important), or in Romania, only for medicines with medical prescription.

At this round table, the participants shared common concerns regarding the eventual transitional period for the implementation of the new mechanism, the open issues relating to price comparability in the reference countries and the potential effects of the foreign exchange risks which involve the Regulation.

The participants at this meeting agreed that in the very near future a list of suggestions concerning the improvement of this Regulation, and informed by international best practice, will be sent to the Government. The business community is open for a public – private dialogue with the State authorities, with the common target of implementation of efficient protective measures of the interests for both the final consumers and the operators of this important industry.

Note to the Editor.

PricewaterhouseCoopers (www.pwc.com/md) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. Around 163,000 employees in 151 countries work collaboratively using connected thinking to develop fresh perspectives and practical advice.

CONTACT:

Maria Cenuşă, Marketing and HR Manager
ICS PricewaterhouseCoopers Advisory SRL
Phone number: +373 22 23 81 22, E-mail: maria.cenusa@ro.pwc.com

 

PricewaterhouseCoopers (PwC) Moldova

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. This network structure provides PwC member firms with the flexibility to operate simultaneously as local businesses, but also on a global scale, creating a platform through which member firms share knowledge, skills and resources and delivery services of consistently high quality to international and local clients. PwC started operations in Moldova in 1996. It has continuously expanded the scope of its services and currently offers a full range of professional services to both international and Moldovan enterprises. Overseen by 16 partners and employing over 600 specialists and support staff, PwC operates in Romania and Moldova from a network of four offices in Bucharest, Timisoara, Cluj-Napoca, Constanta and Chisinau.