Drug producers to collect expired and unwanted drugs

Analysis

Drugmakers must collect and dispose of expired and unwanted medicines handed in by members of the public, daily Napi Gazdaság reported. The costs will be covered by the producers and a joint organisation will co-ordinate the action which starts on Thursday. Collection will be carried out by pharmacies and the drug producers will share the costs of the scheme in proportion to the sales of their drugs, said National Association of Hungarian Pharmaceutical Producers Director László Buzás.
Eight Hungarian drugs producers and wholesalers established the company Recyclomed Kht two years ago to dispose of drug waste. It will be this company's task to collect the unwanted drugs from 2,040 pharmacies throughout Hungary, said the paper.
The company will have to recycle 300-500 tonnes of drugs each year at a cost of around Ft 200 million (EUR 800,000). It is estimated that 75 % of appointments between patients and doctors involve issuing a prescription, but patients do not use around 20 % of the drugs they buy, which means around 2,500 tonnes of drugs worth Ft 35-36 billion (EUR 140-144 million) yearly go unused, the paper noted.

ADVERTISEMENT

531 new coronavirus cases registered in Hungary Figures

531 new coronavirus cases registered in Hungary

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.