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The Impact of Labeling on Drug Prices

- The labeling and traceability of medicines introduced on July 1, 2024, have brought a positive effect on the accelerated digitalization of medicine circulation, the integration of systems and the creation of an end-to-end traceability system, - said the head of the Department of the Committee for Technical Regulation and Metrology of the Ministry of Technical Infrastructure of the Republic of Kazakhstan Asset Utegaliev in an interview with Kazpravda. He said that to monitor the regulatory impact of the introduction of labeling of medicines, a possible increase in prices was analyzed. The cost of one labeling code with VAT was 2.68 tenge.

- There are 6,890 types of medicines registered in the republic. Of these, about 700 are sold in the price range of up to 1,000 tenge, and an increase of 2.68 tenge will lead to an increase in their cost by a meager 0.3-1%. The remaining 6,200 types are sold at retail from 1,000 to 1,606,362 tenge, and an increase of 2.68 tenge will also not have a significant impact on their cost, - A. Utegaliev is confident.

At the same time, he noted that, on the instructions of Deputy Prime Minister - Minister of National Economy Serik Zhumangarin, free labeling codes are issued for medicines whose maximum price does not exceed 100 tenge.

Источник: Казахстанский Фармацевтический Вестник, pharmnews.kz