reported, the Georgian government announced
a new initiative which
as the Prime Minister says,
will lower drug prices. The
initiative envisages simplification of
the imports of medicines from Turkey that
will increase supply of cheaper drugs as
well as competition in the market
and will decrease prices.
Health expert Kakha Jakeli see the problem not in access to cheap drugs, but in a high level of monopoly on the pharmaceutical market, where large chains can buy drugs at low prices and sell at exorbitant ones.
his words, to reduce the drug prices,
the government must fight monopolists instead
of just opening
access for importers.
“The Prime Minister's statement is completely unprofessional from a pharmaceutical marketing point of view.Now Georgian companies buy the cheapest medicines in India, where drugs are cheaper than in Turkey, but this still does not reduce prices on the local market. Georgian pharmacy chains sell them at a very high price. Medicines in Georgia are expensive because the several companies control the entire Georgian market, this is the issue that the Prime Minister should have spoken about, ”the expert stresses.
Kakha Jakel i believes that i n order to improve the situation, it is necessary to separate pharmaceutical companies as in civilized countries that will allow to decrease prices in the market and not just open access to Turkish drugs.
“If the antimonopoly service works well and ends the cartels, drug prices will fall by 30-40%,” the expert notes.