BMI View: Governments will increasingly impose price controls on pharmaceuticals as drugmakers have generally charged what the market will bear in both developed and emerging markets. While high prices have previously been accepted by patients and national health services, with the advent of health economics, and increasing budget deficits, there will be more caps on medicine expenditure, especially on essential drugs. Aiming to contain costs and improve drug affordability and access, the Swiss government and the pharmaceutical industry struck a short-term deal in April 2013. This was scheduled to come into force on June 1 2013, and run to the …
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