BMI View: Hungary’s deteriorating outlook for pharmaceutical companies has contributed to its continued placement on the Special 301 Priority Watch List in the Pharmaceutical Research and Manufacturers of America (PhRMA)’s 2013 Annual Report to the US Trade Representative (USTR). Since the implementation of the Hungarian Pharma-economic Law (XCVIII/2006) and the Széll Kálmán Plan, pharmaceutical expenditure has been drastically cut in Hungary in an effort to balance the state’s budget. Such draconian measures have reduced drug expenditure in Hungary to 2006 levels and this decline is expected to continue in 2013 and beyond, impacting all stakeholders in the pharmaceutical market. Headline …
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