International comparison of generic medicine prices

Generics/Research | Posted 29/07/2009 post-comment0 Post your comment

The introduction of generic price-regulated systems in many European countries, the trend towards international generic medicine companies, and competition from Indian companies emphasises the need to gain insight into international prices of generic medicines.

A study by Professor Steven Simoens of the Katholieke Universiteit Leuven in Belgium aims to carry out an international comparison of ex-manufacturer prices of generic medicines in ambulatory care in nine European countries and in India in 2005.

Data on ex-manufacturer prices of generic medicines of 15 molecules/strengths were derived from IMS Health. Belgian prices were compared with prices observed in Denmark, France, Germany, India, The Netherlands, Norway, Spain, Sweden and the UK. The analysis was limited to medicines in immediate-release, oral, solid dosage forms.

It turned out that India and the Scandinavian countries had the lowest ex-manufacturer prices of generic medicines of selected molecule/strengths. These molecule/strengths were, on average, 63% cheaper in India than in Belgium. The highest price levels were observed in France, The Netherlands and Germany. Ex-manufacturer prices of a specific generic molecule/strength varied between countries by a factor of 3 to 36, depending on the molecule/strength. The generic medicine price level was higher in countries that adopt a free market approach and in countries that have a mature generic medicine market.

Ex-manufacturer prices of selected molecule/strengths varied substantially between countries. India has emerged as a low-cost producer of generic medicines. The international price comparison reveals that there may be scope for reducing generic medicine prices in a number of countries.

Source: Curr Med Res Opin. 2007;23(11):2647-54.

comment icon Comments (0)
Post your comment
Related content
Pricing and reimbursement of medicines in Canada
79 MD002389
Generics/Research Posted 02/09/2022
Relevance of NTI to the treatment of epilepsy
Epileptic V16F10
Generics/Research Posted 01/07/2022
What is the meaning of a narrow therapeutic index?
05 AA011027
Generics/Research Posted 17/06/2022
Most viewed articles
About GaBI
Home/About GaBI Posted 06/08/2009
EU guidelines for biosimilars
EMA logo 1 V13C15
Home/Guidelines Posted 08/10/2010