Pharmaceutical Prices Raised Between 30 Percent and 35 Percent

Pharmaceutical Prices Raised Between 30 Percent and 35 Percent
Pharmaceutical Prices Raised Between 30 Percent and 35 Percent

According to the information given by Taner Ercanlı, Chairman of the Ankara Chamber of Pharmacists, as of yesterday, over 100 drugs have increased by 30-35 percent. A hike will also come next month due to the update of the euro/TL rate used in pricing medicines.

Ercanlı informed that the drugs with increasing prices are some antibiotics, insulin drugs and blood thinners.

Explaining in the information he gave at the beginning of January that 100 out of every 22 drugs were not found, Ercanlı said, “Still, some drugs cannot be found. Firms are reducing their imports due to the increase in the exchange rate. Because the euro/TL exchange rate used in the pricing of medicines is low, the price they sell in Turkey remains low. To the extent that a raise can be made, it is also possible to put drugs on the market," he said.

SIGNED THE MONTH OF FEBRUARY

On the other hand, due to the fact that the euro/TL rate, which is currently used in the pricing of medicines, will be updated in February, drug prices will increase again.

Currently, the Euro/TL rate used in the pricing of medicines is accepted as 4.5786. However, the real euro/TL rate is currently around 15.4.

According to Ercanlı, the exchange rate used in the pricing of medicines will be updated in the third week of February, and this will lead to an increase in all medicines.

Nezih Barut, President of the Pharmaceutical Industry Employers' Association (İEİS), stated in a statement in November 2021 that there was a need for at least a 35-36 percent increase in drug prices, which will be updated in February.

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