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Missed Opportunities for Big Savings from Generic Drugs in Europe

Shifting patients from branded to less expensive generic medicines is an important way to contain health care costs. Yet the prices and prescription rates of generics vary widely across Europe, resulting in missed opportunities for cash-strapped health systems and patients. These are the findings of a study by researchers from the London …

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Georgian Startup Invents Safe Alternative to Antibiotics

Phage Nutraceuticals, the winner of Startup Georgia, held by of Innovations and Technologies Agency of the Ministry of Economy and Sustainable Development, started inventing a safe alternative to antibiotics. Project author Rati Gholijashvili introduced achievements to the representatives of the Innovations and Technologies Agency of Ministry of Economy and Sustainable …

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The Demand for Georgian Production Medicines is Increasing On Export Markets

The demand for  Georgian medicines on export markets increases. The share of medicines has reached 5.4% of total exports. According to “Geostat”, in January-July 2017, almost $ 78,621 million of medicines were exported to foreign markets. In January-July 2016, Georgia exported medicines worth of 54,348 million . Medications take fifth …

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Georgian Healthcare Group Profits Grow by 45%

Georgian Healthcare Group revenues in the first half of 2017 made up 371mln GEL, while profits constituted 24.3mln GEL. The group’s profits rose by 44.9% year on year, while revenues rose by 112%. Profits marked 11mln GEL in 2Q17, while revenues amounted to 186mln GEL. GHG unites 35 hospitals and …

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ADB to Join Clinics Development Process in Georgia

Asian Development Bank (ADB) plans to participate in clinics development process in Georgia. The issue was discussed at the meeting with ADB private and public partnership (PPP) office coordinator Joseph Lim. The parties discussed clinics development potential and existing situation in the country. We are ready to participate in this …

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Georgia Healthcare Group Acquires Two Hospitals For GEL10.0 Million

Healthcare services provider Georgia Healthcare Group PLC said on Monday it has acquired the Khasuri and Qareli community hospitals through its healthcare services business from Georgian insurance company IC Group for GEL10.0 million in cash. The two hospitals are located in the Khashuri and Qareli areas of Georgia, both in …

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Medical Tourism Perspectives – Turkey Plans to Intensify Activities

Medical market of Turkey becomes more attractive for Georgia. Our country has huge potential for medical tourism development, but investment inflows remain unimportant anyway. Mainly dental clinics are active in this direction. According to specialists, Georgia has potential to use the experience of neighboring Turkey and achieve certain success on …

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Georgia Healthcare Sees Evex Medical Unit Place GEL90 Million Of Bonds

Georgia Healthcare Group PLC on Monday said its healthcare services business has completed a private placement of GEL90.0 million of local bonds due in 2022. Healthcare unit JSC Evex Medical Corp placed the local bonds at an issue price matching their principal amount last Wednesday. The bonds carry a floating …

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