OREANDA-NEWS. August 05, 2010. PricewaterhouseCoopers Moldova held a round table conference, 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.

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