Comment: Has the state finally got a good deal on medicine prices?

New deal not brilliant, but better than predecessor, writes Susan Mitchell

Deal brings big improvement in medicine approval process Pic: iStock

Yesterday, Minister for Health Simon Harris announced that significant savings would be made by the State under a new pricing and supply agreement.

This deal is between the Irish Pharmaceutical Healthcare Association (IPHA), which represents most major research-based pharma companies, and the State.

The headline savings certainly look impressive. The Department of Health estimates those savings would amount to €600m over four years from members of IPHA. IPHA had a more positive spin ...