Japan’s Drug Distribution Crisis: Pharma Urges Govt To Reform Pricing System
Low Prices Seen Part Of Wider Problem
The impact of drug shortages in Japan, including of essential products, is being considered as part of government-level discussions to consider the appropriateness of the current reimbursement pricing system. Amid rising production costs and wider global challenges, some experts in the industry are now asking for price increases.
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To stabilize now years-old pharmaceutical supply shortages, especially from generic firms, Japan will review several regulations related to the sector and aspects of its reimbursement pricing scheme. Recently announced economic policies and an official report also refer to potential measures to encourage businesses through financial support and revised pricing premiums.
Kenzo Sawai, president of Japanese generics giant Sawai Pharmaceutical, tells Scrip in the first of a two-part exclusive interview about the firm’s strategy and backstory of efforts to maintain product supplies amid the country’s ongoing generic crisis. He also urges Japan to take "the best and only chance" to reform its drug pricing system to help the entire market survive.
While Japan enters annual drug price revisions with frequent regulation changes, several major corporate players in the country warn again that government policies mean that the country is at risk of “losing attractiveness.”