Pharmaceuticals, Healthcare & Biotechnology
Q2/2009 License transfer applications

The Licensing Regulation for Human Pharmaceuticals was amended on 22 April 2009. Accordingly, the duration of the application review process has now been decreased from 60 to 30 days. Additionally, where the transferor is a natural person or legal entity authorised by a foreign company to obtain a license with respect to and to market a pharmaceutical in Turkey and where the foreign company wishes to revoke such authorisation and grant the same to another natural person or legal entity in Turkey, the relevant license transfer applications before the Ministry of Health may now be filed without the need to submit the related license transfer agreements, provided that the criteria listed in the said regulation are met. Furthermore, the requirement as to obtaining permission from the Ministry of Health for selling human pharmaceuticals in the market has now been abolished.

 
Q1/2009 New profit ratios on pharmaceuticals

The Decree on Human Medicine Pricing (published in Official Gazette dated 30 June 2007 and numbered 26568) has been amended (effective as of 17 January 2009) to include a new profit ratio scheme applicable to the stockers of medicines and pharmacists.

 



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