As the expiry date on a medicine patent draws near, generic medicine producers jostle for the chance to win shares on the copycat market. The competition is tough, and this is one of the reasons that Denmark has Europe's lowest prices on generic prescription medicines, a new analysis conducted by IQVIA shows.
Despite generally rising inflation, the medicine prices at Danish pharmacies have fallen by an average of 16 percent since January 2020. This means Danes are currently paying DKK 0.70 (USD 0.1) per daily dose of generic medicine.
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