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Europe Must Look Beyond Price To Secure Supply Chain

Focus On Lowest-Cost Generic Runs Against Aim To Localize Manufacturing

 
• By Dave Wallace

European procurement models that focus solely on the lowest-cost generics are jeopardizing efforts to strengthen the supply chain and secure investments in local manufacturing, says Christoph Stoller, president of Medicines for Europe.

Value-Cost
European systems must recognize value more broadly than just cost • Source: Shutterstock

European health systems are jeopardizing efforts to strengthen the local supply chain and bolster manufacturing in the region by opting for the lowest-cost generics rather than considering important non-price factors, according to Christoph Stoller, president of off-patent industry association Medicines for Europe.

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