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February 9, 2023

Generic drug companies ensure over 8,000 jobs

The generic drug companies that are active in our country ensure over 8,000 jobs and their contribution to the local economy represents 1.5 per cent of GDP, an Economy Ministry communiqué shows.

Several levers for the consolidation and boosting of activity in the domain were identified during talks with the representatives of the Association of Generic Drug Producers in Romania, talks that focused on the solutions needed in order to improve the local generic drugs industry.
“In the National Competitiveness Strategy 2015-2020 the pharmaceutical products sector was included among the 10 economic sectors endowed with competitive potential, so the Economy Ministry wants as many pharmaceutical drug production units as possible in Romania, including units that produce generic drugs, on the one hand in order to create as many jobs as possible and on the other hand so that patients could urgently benefit from these products at reasonable prices proportional to most of the population’s purchasing power,” the communiqué reads.

Economy Ministry representatives assured the representatives of the Association of Generic Drug Producers in Romania of support. “Concrete details that may represent solutions for the pharmaceutical industry would be discussed in a future meeting that will take place later this week.” The communiqué points out that the Economy Ministry does not have prerogatives and is not involved in fiscal mechanisms such as those that establish the level of the health insurance contribution and of the clawback tax.
“The Economy Ministry will support any legislative proposal which respects authorization procedures that concern the introduction of pharmaceutical drugs on the market and which is in line with national and European legislation in this domain, because it wants the population to be able to benefit as operatively as possible from generic drugs for the treatment of various illnesses, at reasonable prices,” the communiqué adds.

The Association currently brings together the most important generic drug companies present on the Romanian market: Actavis, AC Helcor, Alvogen Romania, Biofarm, Dr. Reddy’s, Desitin Pharma, Egis, Fresenius Kabi, Gedeon Richter, Glenmark Pharmaceuticals, Infomed Fluids, Krka, Magistra CC, Medochemie, Sandoz, Terapia – a Sun Pharma Company, Teva, Zentiva.

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