reference pricing will reduce drug costs by 40%

Georgian Prime Minister Irakli Garibashvili said on Tuesday that drug prices would be reduced by 40% in 2023 thanks to reference pricing.

In his annual report on the work of the government, Garibashvili highlighted the importance of opening the Turkish market, as a result of which drug prices fell by 60-80% in the country.

The head of government also stressed the importance of “constant quality control” of medicines and added that the transition to standards of good manufacturing practices and good distribution practices would be completed by the end of this year in Georgia.

Garibashvili also revealed that the government has already planned the renovation and construction of 150 outpatient clinics for next year, adding that the main task of the government is to provide high quality healthcare and medicine to Georgian citizens.

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