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State Killing Is Committed With Respect To Drug Selling Companies, D

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  • State Killing Is Committed With Respect To Drug Selling Companies, D

    STATE KILLING IS COMMITTED WITH RESPECT TO DRUG SELLING COMPANIES, DIRECTOR OF VAGAPHARM SAYS

    NOYAN TAPAN
    DECEMBER 25, 2009
    YEREVAN

    YEREVAN, DECEMBER 25, NOYAN TAPAN. "State killing is committed with
    respect to drug selling companies," Founding Director of Vagapharm
    company Vahe Varsanian declared at the December 25 press conference,
    when commenting on the recent decision of the RA State Commission
    for the Protection of Economic Competition, under which companies
    shall be fined in the amount of 2% of their profit in the previous
    year for raising drug prices groundlessly.

    V. Varsanian said that in 2009, for months on end the importers were
    selling 30% of drugs at prices lower than their cost prices and
    therefore they incurred losses. During that period the Commission
    conducted checks at these companies and saw that the price of the
    most expensive drug exceeded its cost price by only 15-20%, whereas in
    other countries this index makes nearly 60%. Besides, according to V.

    Varsanian, there are 7-8 drug selling companies in Armenia, and under
    the current competition conditions a company will suffer in case
    of raising drug prices as it will lose its buyers. As regards the
    possibility of reaching an agreement with each other, V. Varsanian
    excluded such a possibility. He indicated the rise in prices by
    foreign drug manufacturers and wholesalers as the objective reason
    for the growth in drug prices.

    In the words of Vagapharm's director, the Commission decided to fine
    the indicated companies without any reason, "for show". V. Varsanian
    and Deputy Director of Argopharm company Gurgen Asrian announced they
    will appeal to the Administrative Court against that decision.
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