Russia managed to cut down the prices for over 100 medicines

| By | FAS Russia, Medicinal Drug Prices

Head of the Russian Federal Antimonopoly Service Igor Artemiev has stated the price decline of more than 100 pharmaceuticals in Russia.

‘It is the first time in the history when we managed to decrease the absolute prices of over 100 medicinal drugs’, — said Artemiev in his interview to a TV channel «Russia 24».

According to Artemiev, earlier such results were not possible, because manufacturers used cost of a drug development as a key point, while FAS applies a comparable sales method.

‘If there is a single country where a pill is sold cheaper than its registered price in Russia, then the manufacturers must cut the price down to this level. If they don’t do that, than we just turn them out of our market’, — explained the Head of FAS.