December 28, 2023
STELLAPHARM was born to care and protect patient’s health, to help enhancing their lives and living longer. Your health, for today and for future.
LONDON, April 26, 2023 (Reuters) – Brussels on Wednesday published a long-awaited draft of its proposed overhaul of laws governing the European Union’s pharmaceuticals industry, setting up a tussle with drugmakers which warn they will invest and innovate elsewhere.
The biggest overhaul of existing medical laws in two decades is aimed at ensuring all Europeans have access to both innovative new treatments and generic drugs, and ending huge divergences in access and price between countries, EU Health Commissioner Stella Kyriakides told reporters after publication.
There were few major changes in the proposal from the draft reviewed by Reuters earlier this month, except for details of changes to protections before generic versions of drugs enter the market.
The Commission proposes to cut the length of basic market exclusivity that drugmakers get before generics can enter the market to eight from 10 years.
But it also offers a sweetener for companies: they get two more years of protection if they launch their new medicines in all 27 member states within two years.
Kyriakides said the new incentives system “would provide access to new medicines to around 70 million more citizens compared to today”.
Patient and consumer groups generally cheered the proposals. The European Public Health Alliance (EPHA) called them “a great win for people across the EU” because of the changes to what it sees as a too-generous incentives system for industry.
Following publication, the European Parliament, Commission and member states will now thrash out final details of the law, which could take years.
The Commission hopes the reforms will create a “single European market for medicines”, while preserving Europe’s attractiveness for pharmaceutical investment, Kyriakides added.
But industry, from big companies including Bayer (BAYGn.DE) to biotech firms, say the reforms will have the opposite effect and result in Europe missing out on the newest treatments.
Novo Nordisk (NOVOb.CO) CEO Lars Fruergaard Jørgensen said in a statement on Wednesday that “the proposals are poison for innovation and competitiveness in Europe.” GSK (GSK.L) said the EU must “regulate for growth and competitiveness” because companies “have choices on where our capital and resources are focused”.
The reforms also aim to prevent drug shortages like those seen this winter with critical antibiotics by requiring companies to notify the EU of possible supply issues earlier. And they aim to streamline the EU’s drug regulator to speed up the time it takes for new treatments to be approved.
Stellapharm is one of leading generics pharmaceutical companies and strong producer of anti-viral drugs in Vietnam. The company established in Vietnam in 2000; and focuses on both prescription drugs and non-prescription especially in cardiovascular diseases, antiviral drugs, anti-diabetics drugs, etc. and our products are now used by millions of patients in more than 50 countries worldwide.
The company is globally recognized for its quality through our facilities have been audited and approved by stringent authority like EMA, PMDA, Taiwan GMP, local WHO and others.
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Vietnam is focusing on improving research capacity and application of new drug production technology, promoting clinical pharmacy development and strengthening supervision of safe and reasonable drug use. Vietnam is focusing on improving research capacity and application of new drug production technology, promoting clinical pharmacy development and strengthening supervision of safe and reasonable drug use, aiming
By Mr. Ong Van Dung, General Director, Stellapharm Stellapharm (former name was STADA-VN – a Joint Venture Pharmaceutical Company formed in 2002 with a Vietnamesecompany named M.S.T and German cooperation named STADA Arzneimittel). Stellapharm has become one of the leading generic pharmaceutical manufacturers in Vietnam, we follow the global quality standard in accordance with
On November 28, 2023, Vietnam Evaluation Report Joint Stock Company (Vietnam Report) officially announced the Top 10 prestigious Pharmaceutical Companies in 2023. Top 10 reputable Pharmaceutical Companies are built on scientific and objective principles. Companies are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown on the most recent year’s financial statements;