Drug Shortages: Pharma Decries 'Yet Another Tax' For Companies In Belgium

“Incomprehensible” is how the industry group Medaxes describes a new annual tax that Belgium plans to impose on companies to address the costs arising from shortages of medicines.

A new Belgian tax is designed to address costs arising from medicines shortages • Source: Shutterstock

A new annual tax that Belgium plans to start imposing on pharmaceutical companies to compensate for the costs arising from shortages of medicines that must then be replaced by more costly alternatives is unfair and could make the shortages problem even worse, says a Belgian industry group.

The new so-called "unavailability contribution,” which companies will have to pay based on their marketing authorizations (MAs) and parallel import...

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