On 13 October 2009 the Cabinet of Ministers of Ukraine issued Resolution No. 1154, which limits both the use of particular drugs for medical purposes and increases in the price of medical products.
Following this on 20 October 2009 the Ukrainian Parliament adopted the Law "On Moratorium on Price Increases of Medical Drugs and Medical Products" (the "Law"). This Law may have a number of negative consequences; for example, it may result in limited access to medicaments, a severe shortage of pharmaceutical companies and the creation of a black market in medical drugs.
On 13 November 2009 the President responded by announcing his intention to veto the Law.
Law:
1. The Resolution of the Cabinet of Ministers of Ukraine No. 1154 "On Limitation of Particular Medical Drugs and Medical Products Prices" dated 13 October 2009.
2. Law "On Moratorium on Price Increase of Medical Drugs and Medical Products" dated 20 October 2009.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 30/11/2009.
