Pharmaceutical industry in China

The “war” between pharmacists and wholesalers over the ongoing medication shortages in the Greek market seems unending. The PFS has shared a letter from a private wholesaler to cooperative wholesalers, accompanied by a list of products intended for export.

The Competition Commission is investigating pharmaceuticals firm Novartis for anti-competitive practices from 2009 to 2017.

The probe concerns a range of competitive medicines treating macular diseases.

A report found Novartis aimed to prevent market access to competitors.

The commission will consider the report findings at a December 4 meeting. 

UK-based Rosemont Pharmaceuticals Ltd, a leading company in the development, production and distribution of pharmaceuticals in liquid form for over 50 years, has acquired Greek private research and development company Pharma-Data, the Leeds-headquartered industry announced on Thursday.

BELGRADE - Serbian PM Ana Brnabic and the senior vice president of the pharmaceuticals firm Merck Sharp and Dohme (MSD), Cyril Schiever, signed on Wednesday a MoU that will be significant for Serbia's future BIO4 Campus research centre.

Brnabic thanked MSD for supporting "our efforts to make Serbia a leader in biotechnology, biomedicine, bioresearch and bioinformatics."

Labena, a Ljubljana-based family-run business, is launching a new platform to link start-up companies and disruptive ideas with venture capital and investment funds in medicine, biotechnology and the food and pharmaceutical industries. More than €100 million will be available, with applications expected from 14 March.

The Financial Crimes Unit has identified a Greek branch of a global racket trafficking counterfeit drugs and doping substances, making deliveries to the US and more than 15 countries.

In an effort to address a shortage in certain medicines, the Health Ministry announced a series of measures on Monday that include an increase in the prices of very low-cost drugs so that they are promoted in the Greek market and not in the international market where their prices are much higher.

The Greek agency for pharmaceuticals (EOF), wholesalers, pharmacies and others met on Monday with Health Minister Thanos Plevris to review the issue of lack of drug availability in the Greek market.

While all cited global issues in medicine shortages, they also said the issue was not as severe as in other countries since Greece has its own production of pharmaceuticals as well.

The Iasi-based Antibiotice pharmaceuticals company has reported an H1 2021 business turnover of 163.39 million lei, up 11% from 2020, according to a company's press statement released on Monday. From its H1 2021 revenues, the company paid the public healthcare system 13.5 million lei in the clawback tax, which influenced the profitability rate.

The turnover of Romanian drug manufacturers, distributors and pharmacies was 66.6 billion lei in 2020, up 2.6 percent from 2019 and over 100 percent higher compared to 2010, shows a survey by KeysFin - one of the most important providers of business information solutions in Romania - based on Finance Ministry figures.