The Pharmaceutical Journal
Vol 274 No 7342 p349
26 March 2005

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GSK offers contractors £61 compensation for price changes

GlaxoSmithKline has offered contractors a £61 payment in compensation for its price changes due to take effect on 1 April.

In a letter sent to contractors last week, GSK said: “As a consequence of our list price reductions, we recognise that there will be a fall in the stock value of 25 medicines when purchased to dispense against branded prescriptions. Consequently, we will make a one-off payment of £61 per pharmacy outlet as compensation for this fall in stock value.” It will be paid in April.

However, Frank Owens, chairman of the Scottish Pharmaceutical General Council, pointed out: “This is a flat payment irrespective of whether the contractor dispenses 1,500 items per month or 15,000 and is based on a two-week stockholding even though patients habitually receive a minimum of four week’s stock.”