GENERICS
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Generics Makers Say Rising Clawback Tax Drives Local Industry Out of Business
Thousands of generic medicines will vanish from the Romanian market as the clawback increased 25% in the third quarter and will drive the local pharmaceutical industry out of business, the Romanian Association of Generic Medicine Manufacturers (APMGR) said in...
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...
German Pharma Producer Stada Sales In Romania Rose 34% In 2014, To EUR10M
Sales of the Romanian subsidiary of German generics manufacturer Stada grew 34% last year compared to 2013, to EUR10.5 million, net of VAT, and the company targets to maintain the same growt...
Raising Generic Drug Use From 65% To 80% Would Save EUR100M - Association
Patients and the public healthcare system would save EUR100 million a year if the use of generic medicines would increase to 80% from a current rate of 65%, Laurentiu Mihai, the Association...
Pharmaceutical Producers To Lay Off More Than 200 People In Upcoming Months For Tax Reasons
Generic medicines producers in Romania will lay off more than 200 employees by the end of the year, citing an unfavorable tax and legislative framework that has affected their operations in...