MNPCs face protectionist hurdles as Turkey lays plans to become a net pharma exporter
Turkey continues to hold appeal for multinational pharmaceutical companies (MNPCs) due to its large domestic market and strategic location as a gateway to Europe, the Middle East and Africa, but that interest is being tested.
Marketing authorization that stretches into years, extremely low drug pricing and high government discounts have resulted in low profit margins and the withdrawal of certain drugs from the market, according to a new report from Decision Resources Group.
The Turkish government hopes that incentives to develop and manufacture innovative drugs in the country will allow it to depend less on imports and develop a thriving pharmaceutical export industry.
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