The Greek National Organization for Medicines (EOF) announced on Tuesday that drug prices in Greece will rise sharply this fall, with new prices for 850 medications taking effect.
The pricing adjustments are the result of a public consultation that started on June 20, addressing requests from pharmaceutical product holders for price adjustments.
The Panhellenic Pharmaceutical Association revealed that the affected medications include a wide array of categories, such as serums, antibiotics, antidepressants, and anti-inflammatories. The price increases range from minor adjustments to significant hikes of up to 448%.
Specifically, 445 drugs will see an increase of between 0.01 and 0.99 euros, 152 will rise between 1 and 1.99 euros, 90 products will go up between 2 and 2.99 euros, 50 between 3 and 3.99 euros, and 59 will rise between 4 and 4.99 euros. Notably, one medication will see a dramatic price increase from 0.96 euros to 5.26 euros.
Apostolos Valtas, President of the Panhellenic Pharmaceutical Association, explained that these increases are intended to stabilise the market. He noted that many drugs are currently sold at unsustainable low prices, which can lead to shortages or the withdrawal of medications, forcing patients to seek alternative, often more expensive, treatments or to import medications at higher costs.
(Source: Page News)