Oireachtas Joint and Select Committees
Thursday, 12 March 2015
Joint Oireachtas Committee on Health and Children
Cost of Prescription Drugs: Discussion (Resumed)
9:30 am
Mr. Shaun Flanagan:
No, it does not. The Deputy should remember that they have sold the stock into Ireland. Once they sell it into Ireland in the wholesale chain, they have sold it at €10 and no longer own the stock. It has gone into the distribution chain. A third party takes it at that €10 price and exports it to another market at €20. The pharmaceutical company gets no benefit. In fact, if one thinks it through, the pharmaceutical company loses. That is because if it is a higher-price market, they could have sold it in the other market for €15, so it is the third party which benefits.
No comments