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

@susmitchellsbp
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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