New Euro Fx Rate For Drug Prices

On 23 July 2023, Presidential Decree numbered 7399 (Turkish language), amending the Decision on Pricing of Medicinal Products for Human Use (Decision), was published in the Official Gazette numbered 32257.

Accordingly, the EUR1 value in Turkish Lira, to be used in the pricing of medicinal products for human use (formerly TRY10.7577) was increased by 30.5% and set as TRY14.0387. If the rate of increase in the product-specific price is higher than the rate of increase in the value of the Euro, the rule of no further increase in the price of this product shall not be applied.

The Decision became effective on 24 July 2023.

First published by Practical Law Life Sciences Monthly Newsletter in Sep 01, 2023.

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