Ministry of Industry and Trade Proposed 7-year Procurement Contracts for Patented Foreign Drugs

English

A 7-year governmental purchase order will fix prices for socially important drugs while motivating foreign manufacturers for localization. 

Denis Manturov, Minister of Industry and Trade, said that "the MInistry supports the approach whereby the Governent should guarantee the purchase of primarily locally manufactured pharmacetuicals. But if local manufacturers lack specific technologies, the govenrment might issue a long-term purchase order in exchange for a localization committement".