Turkey Wins Drug Price Cut as Outlay Exceeds Budget, Sabah Says

Turkey’s government won a price reduction from pharmaceuticals makers that will help limit a likely overspend this year on drugs, Sabah newspaper reported.

The price of drugs retailing for more than 10 liras ($5.40) will fall as much as 10 percent, the Istanbul-based newspaper reported.

The state-run healthcare purchaser requested the reduction after spending on pharmaceuticals reached 16.6 billion liras, compared with a year-end target of 15.6 billion liras, Sabah said.

Click here for web link

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.