Ensuring Drug Security Forum

The Economics of Drug Supply: How to Balance Supply and Demand

15 Jun , 12:15–13:45
‘Ensuring Drug Security’ Russian Pharmaceutical Forum
Pavilion G, conference hall G3

The economic approach to the drug supply system means choosing from a set of alternative management decisions that can achieve the maximum result given limited resources while simultaneously increasing demand for modern drugs. The proper choice of the right alternative, in turn, depends on the ability to select and analyse the primary factors of influence to achieve a balance of demand for drugs and supply. The institutional environment of the modern pharmaceutical market in Russia has an impact on both the state and its commercial segment. One of the key aspects of achieving a balance and optimizing the economics of drug supply is an effective public drug procurement system that is built both taking into account the current market realities and all the innovative models that exist in world practice. How flexible should the legal regulation of the pharmaceutical industry be? How should pricing be managed when people’s personal funds account for 64% of the demand for drugs? What economic factors dictate the choice of a procurement system? What are the economic consequences of changing drug therapy and should this be taken into account when choosing treatment tactics? How should preferences work for the domestic pharmaceutical industry?

Elena Maksimkina, Director, "Federal Center for Planning and Regulation Of Medical Supply Circulation" of the Ministry of Health of the Russian Federation

Dmitriy Galkin, Director of Department of Pharmaceutical and Medical Industry Development, Ministry of Industry and Trade of the Russian Federation
Igor Narkevich, Rector, St. Petersburg State Chemical-Pharmaceutical Academy
Timofey Nizhegorodtsev, Deputy Head, Federal Antimonopoly Service of the Russian Federation
Filipp Romanov, Deputy Chairman of the Board, Association of Pharmaceutical Manufacturers of the Eurasian Economic Union (EAEU)
Victor Fisenko, First Deputy Minister of Health of the Russian Federation

Front row participants
Roman Ivanov, Director of the Scientific Center for Translational Medicine, Vice-Rector for Scientific and Technological Development, Sirius University of Science and Technology
Alexey Kolbin, Professor, Head of the Department of Clinical Pharmacology and Evidence-Based Medicine, First St. Petersburg State Medical University named after Academician I.P. Pavlova
Vadim Tarasov, Director, Institute of Translational Medicine and Biotechnology Institute of Translational Medicine and Biotechnology, First Moscow State Medical University named after I.M. Sechenov
Galina Shemanaeva, Acting Deputy Head of Administration of the Tambov Region