South Africa: Drug-Price Benchmark 'Could Hurt Local Revenue'

Cape Town — The government's plans to drive down medicine prices by benchmarking them against other countries could cut multinational pharmaceutical firms' local revenues by about 35%, say industry sources.

As part of its long-running efforts to cut the cost of medicines in the private sector, the government published draft regulations last December, outlining its proposed methodology for controlling pharmaceutical manufacturers' prices. It gave the industry until the end of last month to comment.

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