Drugmakers, including multinationals, to cut prices in Russia

21 March 2017

Up to 10 domestic and leading global drugmakers operating in the Russian market are considering reducing prices for their drugs, and in particular those intended for the treatment of the most serious diseases, including HIV/AIDS, hepatitis C, tuberculosis and some others, reports The Pharma Letter’s local correspondent.

For example, Russian drugmaker Biocad has announced plans to reduce prices for its Algeron (cepeginterferon alfa-2b), which is a drug for the treatment of hepatitis C, by 10%. According to estimates, this will allow the Russian federal budget to save a sum of 327 million roubles ($5.7 million).

At the same time Janssen, the pharmaceutical division of Johnson & Johnson (NYSE: JNJ), proposed to include a new antitumor drug for a limited group of patients in the "7 Nosology" program (a program for state purchases of the most expensive drugs in Russia), and, in exchange, to reduce prices for it.

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