in fairness business has always worked that you can drop the margin if you increase volume. that’s what’s happening here.

Vincent

Don’t give the credit to the Minister on this story please because it might embarrass him. This Company Teva have been ripping us off since they set up here by some really sneaky practices. They have been giving Pharmacies under the counter discounts of between fifty and ninety per cent over the last five or six years which of course are kept in shop and never ever passed on to us consumers.
To make it worse these discounts encouraged pharmacists to substitute the patients prescription with Teva’s generics and this is still happening today. The price reduction these cowboys are boasting about for now are those they have already given under an Agreement with the HSE.
What the Minister should do is ban all discounts to Pharmacies for medicines and force the generic Companies to give them to the Department rather than shopkeepers pockets.
The sneaky practices are that those current discount reflect the price Teva sells at in other EU markets!

It’s a step in the right direction. That’s all I’m saying. I’m sure you’re right about the broader picture.

Talk about finding a cloud for every silver lining!

I know a number of staff employed in pharma industry, all of whom are overpaid, adding to the old adage of wealth before health…..