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Tag Archives: Pharmaceutical Market

Foggy Pharmaceutical Market

The problem of free competition in the Georgian pharmaceutical market is noticeable and should be addressed by the Competition Agency. The market is dominated by a cartel deal of four leading pharmaceutical companies regulating prices on the market. The discussion to transition to international GMP standards has been postponed until …

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Annual Profits of Pharmaceutical Companies Hit GEL 190 million

Transparency International Detects Weak Oligopoly on Pharmaceutical Market. Amalgamation of Pharmadepot and GPC grows risks of competition restriction and misuse of market dominant positions. Thus, pharmaceutical market may be characterized as a weak oligopoly, but according to recent information, ABC Pharmacy that holds a dominant position (second place after PSP) …

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Azerbaijan: Tariff Council Further Lowers Medicine Prices

Tariff Council Further Lowers Medicine Prices

The government of Azerbaijan continues to regulate the sale of medicines in pharmacies. Tariff Council recently has approved the prices of another 1,427 kinds of medicines. Prices for 90 percent of the drugs have been lowered, according to the Tariff Council. The prices for 26 percent of medicines are reduced …

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Medication Prices to Keep Declining

Nini Popkhadze

According to the recent reports, prices are declining on most-used medications. Part of the experts ascribes this process to the state policy for enhancing competition on the pharmaceutical market. The Jandacva.ge has contacted Nino Popkhadze, the head of the Healthcare Platform NGO, to comment on the issue. Medication prices are …

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Humanity- Georgia Continues The Campaign of Humanitarian Campaign of Medications

Humanity Georgia

Humanity-Georgia pharmaceutical company continues the campaign of humanitarian aid of drugs. From Monday consumers will get 30% cheaper set of antibiotic, probiotic, antiphlogistic and analgetic medications imported from abroad.   The pharmacy networks of Aversi, Impex-Pharma, PSP, People’s Pharmacy, Pharmadepot, Pharm House and GPC will receive both cordial medicines and …

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Humanity-Georgia A New Pharmaceutical Company Enters Georgian Market

Andrey Kuzma

Humanity Georgia company has entered the Georgian pharmaceutical market. According to the business registry, the company was registered in May 2015. Humanity Georgia will introduce a wide option of medications to the pharmaceutical market in the near future. Quality of the company-manufactured medications is approved by the manufacturer’s EU GMP …

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EU GMP Standard Pharmaceutical Factory To Be Opened in Georgia

Andrey Kuzma

High Technology equipment and international standard pharmaceutical factory will open in Georgia soon, Humanity-Georgia together with Partnership Fund are implementing the project. Total investment of this agreement exceeds $130 mln, which is signed between Georgia’s state-owned shareholding company, the Partnership Fund(PF) and an Austrian company Humanity Holding. According to Andrey Kuzma, this …

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Humanity Georgia Enters Georgia’s Market With Ambitious Plans

Humanity Georgia

Company Humanity Georgia enters Georgia’s pharmaceutical market, data of business registry shows that company has registered in May 2015. According to director of the company Andrey Kuzma, Humanity Georgia will offer Georgia’s pharmaceutical market a wide range of drugs. Company representatives announce that first batch will be the frequent consumption …

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Understanding Generic Drugs: Experts Don’t See any Danger

Generic Drugs

A generic drug is identical–or bioequivalent–to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use. The vast majority of prescription drugs sold in the U.S. – 86 percent –are generic and the recalls keep coming. As for the Georgia, 70 percent …

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On Georgia’s Pharmaceutical Market, 70% are Generic Drugs

Valeri Kvaratskelia

Pharmaceutical companies did bring Generic drugs before, and will bring in future as well, If we had only original and brandy medicines on our market, prices would be much more expensive, some countries banned original drugs and oriented on Generic drugs by doing so they decreased the expenses. Generics have …

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