Paper

Journal of Generic Medicines (2006) 4, 4–14. doi:10.1057/palgrave.jgm.4950041

The European generic pharmaceutical market in review: 2006 and beyond

Greg Perry1

Correspondence: Greg Perry, European Generic Medicines Association, Rue d'Arlon, 15 1050 Brussels, Belgium. Tel: +32 2 736 84 11; Fax: +32 2 736 74 38; E-mail: gperry@egagenerics.com

1has been Director General, European Generic Medicines Association (EGA) since its beginnings in 1993. He is a founding member of the International Generic Medicines Alliance (IGPA) and managing editor of the Journal of Generic Medicines. He was awarded the Golden Cross of Merit by the Republic of Poland for his work on behalf of generic medicines and sustainable healthcare and is an Hon. Life Member of TOPRA. He holds a Bachelors Degree in International Studies and a Masters in European Integration from the University of Hull.

Received 6 July 2006; Revised 6 July 2006.

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Abstract

Dramatic changes in pharmaceutical markets make it imperative for generic medicines producers to seek out, and work with governments to create the best conditions for developing, manufacturing and marketing their products. Similar to its involvement in the G10 Medicines process, the European Generic Medicines Association (EGA) is now actively engaged in the European Commission's follow-up initiative, the Pharmaceutical Forum. To bring substance to this debate, the EGA has recently completed two important studies of European generics markets and the governmental policies across Europe that effect them. These studies aim to determine the progress of initiatives to promote generic medicines by examining market shares and go on to suggest ways of increasing the up-take of these affordable medicines. The traditional instruments employed by governments to promote generics — reference-pricing systems, prescribing budgets, generic substitution, patient co-payments, information campaigns — can indeed be effective in stimulating generic up-take, but they must also stimulate competition on the markets. Pricing systems must encourage price competition and more affordable quality healthcare for patients. They must also be managed to guarantee the long-term sustainability of the European Union (EU)-based generic medicines industry so that it can compete effectively on EU and global markets and continue contributing to affordable healthcare in Europe.

Keywords:

Europe, generic medicines, generics market penetration, sustainable healthcare, pricing & reimbursement, generics policies, pharmaceutical forum

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