Prices for drugs in Russia could increase by 15%-20% next month

5 September 2017

Prices for drugs in Russia may increase by 15%-20% as soon as October of the current year, according to predictions of the Russian Ministry of Health reported by The Pharma Letter’s local correspondent.

Veronika Skvortsova, the Russian Minister of Health, said the biggest growth may be observed in the case of imported drugs, the majority of which are supplied to Russia from Western European countries.

According to Elena Nevolina, the head of the Russian pharmaceutical organization Pharmacy Guild (a Russian public association which represents the country’s leading pharmacies), the biggest price hikes will be observed in the case of so-called seasonal drugs.

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