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They then export some of the prescribed drugs — typically all over 10 for every cent — to nations around the world like Germany, Britain or maybe the Netherlands, where by medicines cost much a lot more. Distributors repackage the medicine with labelling while in the language of the new current market, sell them at the upper prices and pocket the primary difference.

To free up funds to the backhanders, the distributors exaggerate domestic revenue of medication of their declarations to impartial consultants providing sector analysis.

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As the NHIF addresses the cost of prescription medicines, it is unlawful for pharmacies or people to provide medicine back to distributors. Illicit parallel trade in medicines in Bulgaria is worthy of all over 50 million euros a 12 months, NHIF deputy director Petrov mentioned.

Regrettably, most companies seek to misbehave them to raise the value of their goods by starting to present discounts and discounts.

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Boryana Marinkova, CEO on the Bulgarian website Affiliation for Medicines Parallel Trade Growth, an business body, mentioned the discrepancy was resulting from The reality that distributors file different notifications of intent to export to multiple EU international locations for almost any provided drug, whether or not they actually send them.

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