Abstract
"Parallel Trade acts as an important driving force for market integration
where there are important differences in price between member states"
- European Commission Communication on the single market in pharmaceuticals
Parallel trade is on the verge of breaking its confines of the EU and
diffusing into other global markets. This global practice is far from simple,
and the loopholes that have made it possible refuse to close. Whether you
think parallel trade is a benefit or a cost, the reality is that it is
affecting the whole pharma industry on a wide scale. It started out a
North-South divide but even this is changing. The European Commission and
other trade regulation bodies won' t protect the pharma companies pricing
structures.
Although consumers may think that imported drugs into the US come from Canada,
UK, or other Western European nations, it' s impossible to definitively verify
an imported drug' s country of origin.
- Do developing countries see parallel trade as a benefit for cheap drugs
and if so will it remain a benefit?
- This year how much will pharma companies' profits be threatened by
parallel trade?
- With individual drugs already being bought in Canada and Mexico will large
scale parallel trade become a reality in the US as there are no price controls
in place?
- The US market is such an attractive market for parallel traders. How will
the enlargement of the EU, to 27 affect parallel trade?
Patients, general practitioners, healthcare agencies and national governments
are all benefiting from this gray market import. However, there are actual
‘real’ winners in this trade, parallel traders themselves. They
gain the most benefit from such a trade, which is pure profit. On the other
hand, pharma companies are blaming parallel trade, for huge losses in revenue,
which in affect lowers innovation. Parallel trade is seen as a gateway for
counterfeit drugs entering the supply chain.
"In the European Union, products pass freely from one member nation to another
- through a system called ' parallel trade.' Consequently, drugs sold in
England may actually have originated in a country with less rigorous safety
standards, such as Cyprus or Latvia". Warwick News
The latest case of counterfeit drugs entering the UK supply chain was that of
Eli Lilly' s antipsychotic drug, Zyprexa and Sanofi-Aventis and Bristol Myers
Squibb' s Plavix. Three batches were recalled by the MHRA. Isn' t this enough
evidence that parallel trade is having a negative affect on the pharma
industry? Find out by buying this report.
Does parallel trade diminish the quality and safety of drugs? Isn' t
repackaging a great issue when it comes to parallel trade? Isn' t the Internet
is a great medium for a form of parallel trade? Many important questions that
need answers.
Why You Must Buy This Report:
This 130+ paged report features key figures, including graphs and charts,
important tables, news, insights, the latest developments in the parallel
trade market with up-to-date analysis.
This report will give you the understanding you require to gain that
competitive edge in the parallel trade market. This controversial practice is
a hot topic in the pharma industry. Therefore, it is vital that the latest
parallel trade report is brought without fail.
With in depth analysis of key markets, and the latest information on parallel
trade, this report is vital to grasp an understanding of parallel trade.
Key questions that this report answers:
- Why aren' t regulatory bodies protecting pharma companies from parallel
trade?
- What are the affects of parallel trade on each segment of the market?
- Is it possible for pharma companies to protect themselves legally from?
- What price link can pharma companies establish that will halt parallel
trade without reducing profits further?
- What liability do pharma companies face through repackaging when aligned
with parallel trade?
- How can big pharma use the internet to combat parallel trade?
- How does parallel trade (re-importation) affect the US and Canada?
Unique benefits to you when you order this report:
You can access your report whichever country you are in without using hard
drive space Primary research throughout. You will not find this information
anywhere else Report stored in your reading room for ever Full searchable
report when you buy the company or corporate editions Copies can be printed
off as many times as you want for offline reading Packed with charts,
analysis, figures, graphs and tables
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