A Croatia Pharmaceuticals and Healthcare Report for Q4 2008 - Examine Industry Trends, Forecasts and Market Developments.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/a47637/croatia_pharmaceut) has announced the addition of the "Croatia Pharmaceuticals and Healthcare Report Q4 2008" report to their offering. The Croatia Pharmaceuticals and Healthcare Report provides independent forecasts and competitive intelligence on Croatia's pharmaceuticals and healthcare industry. In our new Q408 Business Environment Rankings for the 17 major Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. (CEE cee n. The letter c. ) markets, Croatia slipped to 16th from a more respectable joint 13th place, being judged as having the second-worst operating environment in the region, above only that of neighbouring and more turbulent Serbia. Key drawbacks to investing in the Croatian pharmaceutical market are its small size, modest per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. spending and healthcare debts, as well as some shortcomings of its regulatory environment. Bureaucracy remains entrenched en·trench also in·trench v. en·trenched, en·trench·ing, en·trench·es v.tr. 1. To provide with a trench, especially for the purpose of fortifying or defending. 2. , while the government's protectionist stance towards the local industry continues to be a cause for concern. Nevertheless, looking a couple of years into the future, the likely membership of the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EU) has a major potential to improve operating conditions in the country. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , however, the debts accumulated by the Croatian Institute for Health Insurance' (HZZO), which is in charge of drug reimbursement, will continue to hamper market development and maturation. The non-payments, underpayments and long payment delays are affecting not only the day-to-day operations of the pharmaceutical manufacturers, but also those of wholesalers and retail pharmacists, especially the independent sector. According to estimates, the country's pharmacies have received around US17mn less than they are owed from first half of 2008, with the amount owed to them from 2007 topping US143mn. Consequently, some closures as well as possible drug shortages to healthcare providers remain likely outcomes in the coming months. On the other hand, the country's generics pharmaceutical industry is going from strength to strength. The few larger players are increasingly focusing on foreign, largely regional and Commonwealth of Independent States Commonwealth of Independent States (CIS), community of independent nations established by a treaty signed at Minsk, Belarus, on Dec. 8, 1991, by the heads of state of Russia, Belarus, and Ukraine. Between Dec. 8 and Dec. (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ) markets, in a bid to avoid pressures at home. To this end, in February 2008, the second-largest player - Belupo - merged with Bosnia's wholesaler Farmavita, as part of its strategy to strengthen its regional position. Around the same time, Belupo signed an exclusive agreement with Turkish drugstore chain Farma-Tek, with the entery into the large Turkish market shortly following that of Poland and Romania. Belupo is also making considerable inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ in Croatia. In June 2008, the company launched two new products for the treatment of osteoporosis, Aledox and Bonna, addressing an increasing domestic need for such drugs. Similarly, Belupo's analgesics Analgesics Definition Analgesics are medicines that relieve pain. Purpose Analgesics are those drugs that mainly provide pain relief. Neofen and Lupocet emerged as best-selling brands in the first five months of 2008, overtaking products manufactured by the country's leading pharmaceutical company, Pliva. Pliva's position in the over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) analgesics sector is also being threatened by Macedonian Alkaloid's Caffetin, which has emerged as the third most popular brand in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. , alongside Bayer's Aspirin. The competition in the sector is intensifying, especially as the consumption of analgesics actually fell by 21% by volume and 15% by value in the period. Key Topics Covered: - Croatia Pharmaceuticals Industry SWOT - Pharmaceutical Business Environment Ratings - Croatia - Market Summary - Regulatory Regime - Recent Pricing And Reimbursement Developments - Industry Trends And Developments - Epidemiology - Domestic Pharmaceutical Industry - Domestic Company Activity - Foreign Company Activities - Pharmaceutical Retail - Research And Development Sector - Medical Devices - Industry Forecast Scenario - Overall Market Forecast - Key Growth Factors - Forecasts - Key Risks To Forecast Scenario - Competitive Landscape Companies Mentioned: - GlaxoSmithKline - Pfizer - Sanofi-Aventis - Novartis - Merck & Co - Krka - Pliva - Belupo For more information visit http://www.researchandmarkets.com/research/a47637/croatia_pharmaceut |
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