Pharmaceutical manufacturer is facing increasing margin pressure on its portfolio of medicines governed by the Single Exit Price regulations
A sign outside the Adcock Ingram offices in Johannesburg. Picture: REUTERS
The below-inflation increase caught the pharmaceutical industry on the back foot, as it was about half the level it had anticipated based on a formula set out in the Single Exit Price regulations. Previous Single Exit Price increases have been broadly in line with the consumer price index , which came in at 6.9% in January.
SA’s umbrella association for drug manufacturers, the Pharmaceutical Task Group, has written to the medicines pricing committee that advises the minister to ask for an explanation of this year’s adjustment. “In our view it is not reflective of consumer price inflation or the formula previously used in the regulations,” said Hall, adding he was not optimistic the figure would be changed.
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