Spain establishes pharmacy payment plan to end debt

09/4/2013 | PharmaTimes (U.K.)

A new payment plan announced by the Spanish government will eliminate the debt of pharmacies to drug wholesalers, some going back two years, by the end of 2013. Analysts at IHS Global Insight note that the repayment plan is coming at the same time as the government is considering price-stabilizing regulations for drugs. Nevertheless, at a time of continuing austerity, Spain's pharmaceutical market will fall more than 6% this year, from $23.30 billion to $21.86 billion, predicts Business Monitor International.

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