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- W2330360776 abstract "The goal of this study is to assess whether prices of innovative drugs in the top 5 EU markets converge over time. Price trends of a sample of 50 innovative drugs, approved by the European Medicines Agency (EMA) in 2009 or earlier, that are still patent-protected and marketed in each of the top 5 EU markets were analysed over the period 2009-2014. The focus was on ex-manufacturing prices, which were extracted from IHS’s international pricing database POLI. Discounts and rebates were excluded from the analysis, and current exchange rates into Euros were used. Given the timeframe, none of the products included in the sample was assessed under the AMNOG reform in Germany. While the data indicates that there are still price differences across countries in 2014, these differences have declined over time. In 2009, the price difference between the highest priced country (Germany) and the lowest one (United Kingdom) was 24%; this figure dropped down to 15% in 2014. The average price of the 50 products declined in all countries and the overall price mean (all countries) slightly decreased - by around 5% - over the period studied: from €303.3 in 2009 to €289.0 in 2014. This demonstrates a global trend leading innovative drug prices to decrease over time while they are still patent protected. Our data shows that prices slightly decrease over time, and also that prices have started to decline in Germany. German prices in the sample are still comparatively higher than the other major European markets, but with most prices in Italy and Spain remaining constant, and those in France converging to the mean, there are clear trends of price corridors shrinking across Europe. The divergence is commonly larger at launch, and converges over time." @default.
- W2330360776 created "2016-06-24" @default.
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- W2330360776 date "2014-11-01" @default.
- W2330360776 modified "2023-10-16" @default.
- W2330360776 title "Are Prices of Patent-Protected Pharamceuticals in the Top 5 Eu Countries Converging?" @default.
- W2330360776 doi "https://doi.org/10.1016/j.jval.2014.08.951" @default.
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