Russian government to lift restrictions on setting prices for low-priced drugs

19 May 2017

Prices for drugs from low and middle-priced segments of the Russian market may increase significantly this year, due to plans of the government to change the scheme of pricing for such categories of drugs, starting from January 1, 2018, reports The Pharma Letter’s local correspondent.

According to state plans, prices for vital drugs in the low-priced segment of the market (cheaper than 50 roubles, ie, less than $1) will be set by producers in accordance with the situation on the market, which will allow them to increase their price by more than the level of inflation.

Experts believe that implementation of this initiative will be beneficial to producers and will allow them to increase prices for their cheap drugs by 15%-20%.

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