PM Garibashvili: we’ll negotiate with pharmaceutical companies to regulate drug prices

Georgian Prime Minister Irakli Garibashvili said the government will ‘actively negotiate’ with pharmaceutical industry representatives in order to regulate medication prices.

During a meeting earlier today with Georgian National Competition Agency head Irakli Lekvinadze, Garibashvili discussed an interim report on pharmaceutical market monitoring, asserting that the public is ‘very concerned’ about drug prices, and that regulatory measures need to become more ‘transparent.’

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“Let’s start negotiations with industry representatives, the main players. I am also going to start working on regulating this issue in the economic council,” Garibashvili said.

Lekvinadze noted that the interim monitoring report offers recommendations, including legislative changes, on how to regulate the pharmaceutical market.

Garibashvili announced in August that the government would take steps to regulate drug prices, and the competition agency was working on an interim monitoring report of the pharmaceutical market.