“The value of 1 euro used to calculate the drug prices would be the 70 percent of the annual average euro value. We agreed with the pharma industry that this coefficient should be 60 percent. Thus, the exchange rate has been hiked by 26.4 percent,” the minister added.
In an earlier statement, Koca had said that despite a 17 percent increase on an annual basis in the amount of drug supplied to the market, there were shortages for 41 types of drugs.
“Some warehouses, producers and pharmacies hoarded drugs anticipating a hike in drug prices,” he said on Feb. 5.
Late last month, Koca noted that inspections carried out over a period of 10 days revealed that 42 producers, 20 warehousemen and 32 pharmacists were hoarding drugs.