Russia. The President Signed the Laws on the State Pricing Regulations for Medical Devices and Pharmaceuticals

Vladimir Putin signed two anti-crisis laws aimed at stabilizing the Russian medical devices and pharmaceuticals markets:

1. The Federal Law #33-FZ dd. March 8, 2015 “On Amendments to Article 80 of the Federal Law “On Fundamentals of Public Healthсare Protection in Russia”;
2. The Federal Law #34-FZ dd. March 8, 2015 “On Amendments to the Article 61 of the Federal Law “On Circulation of Pharmaceuticals”.

The first Law introduces the state pricing regulations rules for medical devices implanted into a human’s body under the program of state guarantees on free medical care rendering to citizens.

The second one empowers the Russian Government to set the state pricing regulations with respect to maximal sales prices for essential drugs.

Source: KPMG-Russia