The European Commission has presented European Union (EU) guidance on public procurement of medicines which is critical to improve the security of supply for patients and health systems.
There is a need for concrete improvements to the procurement process, including better demand predictability and ensuring multiple suppliers on the market, according to generics and biosimilars trade group Medicines for Europe. Reform of generic and biosimilar medicine procurement policies is needed to encourage more manufacturers to invest in EU supply, it contends.
Most Economically Advantageous Tender (MEAT) award criteria for policy objectives, such as security of supply or environmental protection, should be aligned across the EU. Award criteria needs to recognise the significance of these investments and therefore move away from lowest price as the sole criteria for medicine procurement. This makes EU procurement guidance that would provide legal clarity to both procurers and suppliers extremely valuable.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze