CLAWBACK
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Over 2,300 Medicines Risk Vanishing From Romanian Market
Over 2,300 medicines risk vanishing from the Romanian market, 60% of which cost less than RON25, as the clawback tax is expected to reach 30% by the end of the year, said Adrian Grecu, head of the Romanian Association of Generic Medicine Manufacturers (APMGR).
Ioan Nani, Antibiotice Iasi: Clawback Tax Became A Drawback For Drugmakers
The medicine industry is more and more affected by the clawback tax, as the tax currently accounts for approximately 30% of the value added of a drugmaker, which will soon lead to the collap...
ZF Pharma Summit ’15: Pharmaceutical Industry Hurt By Drug Price Cuts
The decline in drug prices, the constant increase in the clawback tax and the lack of transparency about how it is managed are affecting the pharmaceutical market in Romania.
Clawback Tax Could Drop To 5% As Drug Prices Are Lowered
The clawback tax could drop to 5%, as prices of medicines are lowered, health Insurance House president Vasile Ciurchea said Tuesday.
Labormed Wants Drugs Cheaper Than RON10 Off Reimbursed List Over Clawback Tax
Generics producer Labormed, part of Alvogen, is reassessing its medicines portfolio until March to remove products cheaper than RON10 from the reimbursed medicines list, as its sales rose 2%...
Drugmakers To Pay Differentiated Clawback Tax For New Reimbursed Medicines
Pharmaceutical companies will pay a differentiated clawback tax, set up based on contracts cost/volume/results, for the new medical drugs to be introduced on the reimbursed drugs list, accor...
Four Large Pharmaceutical Companies Blocked EUR50M Investments In Romania Over Clawback Tax
Four major pharmaceutical companies have blocked EUR50 million investments in production lines in Romania because of the clawback tax, which continues to grow, said the head of the Associati...
Drugmakers May Give Up Investments In 2014 On Clawback Tax Hike
Drugmakers operating in Romania will have to cease investments in 2014 and give up unprofitable products due to the 30% increase of the clawback tax in the fourth quarter of 2013, Dragos Dam...
Pharmaceutical Market, Poised For Major Changes In 2014
The Romanian pharmaceutical market will grow by 8% at most n 2014, according to executives in the industry mainly due to the updating of the list of reimbursed drugs.