AmCham Macedonia Summer 2016 (issue 50) | Page 16

ADVOCACY Summer 2016 / Issue 50 Domestic Drug Market is Becoming Less Attractive Why is big pharma leaving Macedonia? The regulation of drug prices, or their repeated reduction, as well as parallel imports of medicines have led to a decline in the interest of large global pharmaceutical companies in the Macedonian market. 16 AMCHAM MAGAZINE Author: Igor Petrovski for Kapital magazine issue 855 – Special Pharmacy Feature, date:18.03.2016 O nly two new drugs or “molecules”, as they are called in the industry have entered the “positive list” of the Macedonian State Health Insurance Fund in the last eight years, according to our sources who are insiders in the drug market but insisted on remaining off the record on the topic. The absence of new, innovative medicines on the list of drugs for which the State fully or partially covers costs, causes a few adverse effects, they say: citizens have limited ability to treat themselves with modern medicines and the world’s major pharmaceutical companies that are manufacturers of these drugs are slowly losing interest in the Macedonian market and closing their offices or reducing their operations, leaving them with 2-3 employees here. Almost all of the world’s major pharmaceutical manufacturers that have launched new molecules or formulas