Russia: Law on drug price regulation passed

Submitted by mmarquez on Fri, 03/20/2020 - 14:04
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rgu.ru (19.03.2020)

Thanks to innovations, the government will be able to set maximum allowable prices if the emergency is already in full swing or so far only an epidemic threat has arisen. And the third option is if for 30 calendar days in the regions the price increase for certain medicines and medical devices will be more than 30%. Freezing can last up to 90 days. In the course of work on the project, deputies with the support of the Cabinet significantly expanded measures. As the head of the State Duma Committee on Health Protection Dmitry Morozov explained, in the final version the document concerns not only retail prices, but also producer and wholesaler prices, including taking into account value added tax. Thus, the Cabinet will have a serious tool to contain prices in a rush. After the entry into force of the document, it will not be possible to sell medicines or the same masks at a price higher than that established by the state. And innovations should begin to act immediately after official publication.

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