The Pharmaceutical Journal
Vol 277 No 7418 p330
16 September 2006

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NPA launches price service

Members of the National Pharmacy Association have a new service to help them judge whether they are getting a good deal when they buy generic medicines.

The NPA target pricing service provides an hourly updated target price for the top 80 generic medicines. The target price is close to an average of all the available prices of a product from various suppliers. The price information is collated by WaveData, a company that monitors various product prices, including parallel imports and zero-discount items.

NPA pharmacy business manager Raj Nutan said: “With the importance of purchase profits being recognised in pharmaceutical contracts it is vital to make sure that buying is efficient.”