Sunday May 31, 2020

Drug costs set to drop under multibillion pharma deal

Supply and pricing agreement expected to be announced this week

Susan Mitchell

Deputy Editor and Health Editor

17th July, 2016
Prices are to drop on selected medicines in Ireland Pic: Shutterstock

The price of medicines in Ireland could be set to fall on a yearly basis under the terms of a multibillion euro deal between the state and major pharmaceutical companies.

The supply and pricing agreement, which covers the majority of the €1.7 billion in medicines paid for by the state, is expected to be announced this week. Pharma sources said the deal would deliver savings of €785 million over four years.

The deal will, for...

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