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New Scrip Report Gives Expert Strategic Advice on How to React to Parallel Trade
LONDON, September 27 /PRNewswire/ -- In the European Economic Area (EEA), the practice of parallel trade in prescription medicines has been ongoing for more than 40 years. At pharmacy buying prices, parallel trade in the top four destination markets of the UK, Germany, Netherlands and Sweden totals more than Euro2700 million. It is no surprise then that the issue of parallel trade provokes consistent hostility from pharmaceutical companies in Europe. Yet, despite their efforts, the trade continues to flourish, eroding profits in the freer-priced markets. Indeed, some might argue that it is precisely because of failed efforts to stamp it out that parallel trade has grown to affect more markets and more products than ever before. In such an environment, it is therefore vital to coolly reassess strategy and focus on proven techniques of tackling parallel trade that really can maximise products' revenue. This can only follow from a detailed understanding of the political, legal, economic and commercial environments in which the trade occurs, and direct pre-emptive and reactive efforts at key targets. A new 146-page report How to React to Parallel Trade, written by renowned parallel trade expert Donald Macarthur and published by Scrip, provides the information required to understand this complex and controversial issue. It gives the reader essential background information, arguments for and against parallel trade, explanation of the rules on bringing parallel imports to market, lessons learnt from major controversies, country market profiles, and predictions for the future of the practice. Perhaps even more importantly, the report suggests strategic responses to parallel trade and outlines their potential consequences. It also explains price and supply management techniques and gives a number of recommendations on how to tackle parallel trade both legally and successfully. This exclusive, in-depth report is a must-read for any company involved in the manufacture and supply of prescription medicines in Europe. About the author Donald Macarthur is a former secretary general of the European Association of Euro-Pharmaceutical Companies (EAEPC), the pan-European grouping of national associations and individual firms involved in parallel trading of medicines. He has produced 40+ reports on pharmaceutical business issues and his consultancy clients have included EFPIA, PhRMA and GIRP. He worked for 16 years in the pharmaceutical industry and is listed in Marquis' Who's Who in the World. He is considered by many to be the leading expert on pharmaceutical parallel trade. Scrip Reports publishes an extensive range of pharmaceutical therapeutic market reports, detailed analyses of the pharmaceutical market for specific geographic areas, in-depth profiles of companies operating in the industry, financial and statistical analyses, directories and other strategic reports on the healthcare sector. Visit http://www.scripreports.com/paralleltrade for more information. For further press details contact Jenefer Trevena Managing Editor Scrip Publishing Tel: +44-(0)-20-7017-6989 Email: jenefer.trevena@informa.com. To purchase How to React to Parallel Trade contact Andrew Maitland Sales Manager Tel: +44-(0)-20-7017-6859 Email: andrew.maitland@informa.com and quote code JR20002P






