Drug Price Negotiation

Drug price negotiation is a process where government agencies or health organizations work with pharmaceutical companies to agree on lower prices for medications. The goal is to make essential drugs more affordable for patients and healthcare systems without compromising quality. This involves reviewing the cost, effectiveness, and value of the drugs, and then establishing a fair price that benefits both parties. Effective negotiation can reduce overall healthcare costs, improve access to important medicines, and ensure sustainable drug spending for public health programs.