AIRLINK 74.45 Increased By ▲ 0.20 (0.27%)
BOP 5.03 Decreased By ▼ -0.02 (-0.4%)
CNERGY 4.43 Increased By ▲ 0.01 (0.23%)
DFML 37.80 Increased By ▲ 1.96 (5.47%)
DGKC 90.92 Increased By ▲ 2.92 (3.32%)
FCCL 22.68 Increased By ▲ 0.48 (2.16%)
FFBL 32.65 Decreased By ▼ -0.07 (-0.21%)
FFL 9.74 Decreased By ▼ -0.05 (-0.51%)
GGL 10.91 Increased By ▲ 0.11 (1.02%)
HBL 115.90 No Change ▼ 0.00 (0%)
HUBC 136.36 Increased By ▲ 0.52 (0.38%)
HUMNL 10.05 Increased By ▲ 0.21 (2.13%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.88 Increased By ▲ 0.22 (4.72%)
MLCF 40.50 Increased By ▲ 0.62 (1.55%)
OGDC 137.41 Decreased By ▼ -0.49 (-0.36%)
PAEL 26.55 Increased By ▲ 0.12 (0.45%)
PIAA 25.40 Decreased By ▼ -0.88 (-3.35%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.20 Increased By ▲ 0.30 (0.24%)
PRL 26.85 Increased By ▲ 0.16 (0.6%)
PTC 14.10 Increased By ▲ 0.10 (0.71%)
SEARL 58.88 Increased By ▲ 0.18 (0.31%)
SNGP 70.04 Decreased By ▼ -0.36 (-0.51%)
SSGC 10.40 Increased By ▲ 0.04 (0.39%)
TELE 8.62 Increased By ▲ 0.06 (0.7%)
TPLP 11.22 Decreased By ▼ -0.16 (-1.41%)
TRG 64.60 Increased By ▲ 0.37 (0.58%)
UNITY 26.60 Increased By ▲ 0.55 (2.11%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,856 Increased By 17.4 (0.22%)
BR30 25,542 Increased By 82.3 (0.32%)
KSE100 75,191 Increased By 260.1 (0.35%)
KSE30 24,177 Increased By 31.8 (0.13%)

germFRANKFURT: German pharmaceuticals firm Merck KGaA is no longer delivering cancer drug Erbitux to Greek hospitals, a spokesman said on Saturday, the latest sign of how an economic and budget crisis is hurting frontline public services.

 

Drugmakers raised concerns with EU leaders earlier this year over supplies to the euro zone's crisis-hit southern half and Germany's Biotest in June was the first to stop shipments to Greece because of unpaid bills.

 

Publicly-owned hospitals in some countries worst hit by the euro zone debt crisis had been struggling to pay their bills, Merck's chief financial officer, Matthias Zachert, was quoted as saying by German paper Boersen-Zeitung in an interview on Saturday.

 

He said however that the only country where Merck had stopped deliveries was Greece.

 

"It only affects Greece, where we have been faced with many problems. It's just the one product," he told the paper.

 

A spokesman for the company told Reuters that the drug concerned was Erbitux and that ordinary Greeks can still purchase it from pharmacies.

 

Some countries have taken action to pay bills, such as in Spain, where the government has said it will help hospitals to pay off debts.

 

"That has improved things, even though the situation should still be regarded as critical for the coming years," Zachert said.

 

Erbitux is Merck's second best-selling prescription drug, bringing in sales of 855 million euros ($1.1 billion) in 2011 from treating bowel cancer and head and neck cancer.

 

Copyright Reuters, 2012

Comments

Comments are closed.