BMI View: The Finnish government’s focus on drug pricing will significantly constrict drugmakers’ revenue-earning opportunities in 2013. In addition to the introduction of a reference price system in 2009, which led to a sharp drop in drug prices and consequently hit companies hard, as of February 2013, the government has enforced a 5% price cut on medicines not included in the reference price system. Headline Expenditure Projections: ? Pharmaceuticals: EUR2.69bn (US$3.42bn) in 2012 to EUR2.62bn (US$3.49bn) in 2013; -2.6% in local currency terms. ? Healthcare: EUR16.99bn (US$21.58bn) in 2012 to EUR17.44bn (US$23.20bn) in 2013; +2.7% in local currency terms and …
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