Download Pharmaceutical Parallel Trade in the UK by Panos Kanavos PDF

By Panos Kanavos

Parallel exchange in prescription drugs in the european contains the criminal repacking and reselling of actual medications and dates again to the Nineteen Seventies whilst a few pharmacists discovered that drug costs assorted considerably among member states. through 2002, the united kingdom marketplace for parallel-distributed prescribed drugs represented ?1,300 million. it's now the most important marketplace in Europe. Parallel uploading is arguable. at the one hand, there are the importers, who argue that they're pursuing a sound company in a free-trade region, making major earnings via fee mark-ups. nonetheless, brands indicate that the cost differentials that bring about parallel uploading aren't the results of marketplace costs, yet because of expense and compensation legislation via governments. If marketplace pricing have been approved, the matter will be a lot lowered. the most difficulty of this research, notwithstanding, is to set up no matter if sufferer safeguard is placed in danger through parallel uploading. Does repackaging endanger quality controls and hygiene, and does parallel uploading bring up the probabilities of counterfeit items getting into felony provide channels. within the first half, the authors, either from the wellbeing and fitness and Social Care Unit on the LSE, set out intimately the proof on parallel exchange from continental Europe to the united kingdom, considering legislative, regulatory and fiscal matters. within the moment half, a chain of specialists considers the proof of product tampering and quality controls, in addition to the danger of counterfeiting, on the way to take on the significant query of the level to which it's attainable to guard sufferers with out erecting boundaries to criminal exchange.

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Extra info for Pharmaceutical Parallel Trade in the UK

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In the UK, the amount of parallel-sourced pharmaceuticals has grown significantly and steadily from 1998-2002 in money terms and in market share, which has more than doubled since 1998 to 20 per cent, whereas the share of domestically-sourced pharmaceuticals has dropped by ten per cent. The value of domestically-sourced pharmaceuticals has also grown steadily, realising a 23 per cent increase between 1998-2002. Even so, this pales in comparison to the staggering rise in the value of parallel-sourced pharmaceuticals of 191 per cent from 1998-2002, which corresponds with the doubling of its market share over the same period.

A condition for this to occur is that health insurance allows any price differential between parallel imported and locallysourced medicines to be shifted to patients rather than directly accruing to the health insurer and/or pharmacy. The analysis in the previous sections suggests that this may not be the case and health insurance would appropriate all or a significant proportion of any price differences. Even if this was not the case, however, patients would realise pecuniary benefits, but this would depend on the structure of cost sharing in individual countries.

Unlike parallel distributors, full-line wholesalers supply the whole range of pharmaceuticals, which include branded drugs, generics, and, potentially also, PI drugs. There are three national full-line wholesalers in the UK: Gehe UK (AAH), Alliance UniChem and Phoenix (a national wholesaler formed from five regional full-line wholesalers). Short-line wholesalers are generally those who concentrate on parallel imports medical supplies and generics, who have been described in detail above. 8 (p. 40) below illustrates the market share and profitability of full-line wholesalers in 1997/98.

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