BMI View: The sharp drop in public pharmaceutical expenditure in Italy in 2012 to a level below that of 2001 does not bode well for drugmakers and pharmacies in the country. The success of the implemented policies may encourage the enforcement of further cost-containment measures, which, together with the ongoing public hospital debt situation, seriously hampers the country’s attractiveness as a location in which to sell drugs, despite its favourable demographic characteristics. Headline Expenditure Projections ?? Pharmaceuticals: EUR21.67bn (US$27.86bn) in 2012 to EUR20.36bn (US$27.28bn) in 2013; -6.1% in local currency terms. ?? Healthcare: EUR151.14bn (US$194.32bn) in 2012 to EUR153.60bn (US$205.83bn) …
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