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Pharmaceutical Market Insight from Experto Consulting

Short overview of the current situation, main players and the opportunities of the Georgian Pharmaceutical Sector Georgian pharmaceutical sector is a dynamic, rapidly growing market benefiting from an easy business environment. Since 2010, the pharmaceutical product registration procedures have been greatly simplified with Seven-day recognition registration procedure in case when …

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One of the Most Expensive Directions of Medical Business – Surrogacy

Official statistics do not exist about children born through “in vitro fertilization” (surrogacy) in Georgia, but if you believe clinics, Georgian and foreign stakeholders often use this service.   The cost of surrogate mother service in Georgia starts from $ 10 to $ 15,000. As the practice demonstrates, the costs for …

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Price of Medications for Second-Type Diabetes Halves

Starting August 13 the program for provision of medications for chronic illness has been expanded, the Health Ministry officials told BM.GE. Objective of the program expansion is to reduce the price of medications for chronic illness twice and more for pensioners and PWDs. “The program for provision of medications was …

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Profits Margin at Some Pharmaceutical Companies Makes up 1000%

“Some pharmaceutical companies have set 1000% profits margin”, Akaki Zoidze, head of the parliament’s health committee told Business Course TV program. If the government imposes certain direct regulations on a certain category of medications, this will not ruin our business sector, Zoidze said.  “If their profits margin shrink to 100%, …

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Big Achievements of Doctors TV Show

It’s been almost 4 years since the medical TV talk-show The Doctors has appeared on Georgian television. Launched by Rustavi 2, the famous broadcasting company and later aired by another major TV channel, IMEDI, the show is still the most favorite medical program in Georgia. Lika Kharebashvili, producer of The …

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AFBA: Changes to the Law on Tobacco is Essential

“Young Financiers and Businessmen Association – Afbaa” welcomes the discussion of the Parliamentary Committee on Health Care and Social Affairs, which will make amendments to the “Law on Tobacco”. It’s about the law on the legislative proposal presented by law firm “LPA Law Firm”s partner Levan Nikoladze, “On Changes to …

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Ministry of Healthcare Prevents Doctors to Prescribe Excessive Medicines

The Ministry of Healthcare conducts the mechanism for the prevention of prescribing excessive amount of medicines. With the new instrument, citizens will be able to check prescription in case doctor ordered 5 or more medicines. Mechanism will launch from July 16. Doctor’s prescription will be checked according to criteria set …

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