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Joint Price Negotiations Move Ahead In Latin America

 
• By Francesca Bruce

Latin American countries are continuing to pursue a strategy of jointly negotiating medicine prices to get a better deal on expensive medicines. However, manufacturers have expressed doubt that this is the best way forward.

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Mercosur Companies Negotiate Medicine Prices Together

Joint pricing negotiations are not only gathering pace in Europe as Latin American countries from the Mercosur trade bloc have together negotiated a lower price for trastuzumab. However, the company that markets the originator drug, Herceptin, has expressed doubts about how productive joint pricing negotiations really are in addressing access issues.

Mercosur aims to wield its collective bargaining power to tackle high medicine prices and has already announced lower prices for the immunosuppressant tacrolimus.(Also see "Mercosur Bets On Joint Pricing Negotiations And Procurement For Lower Prices, But Slams Hep C Companies" - Pink Sheet, 29 November, 2018

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