EUROPEAN FAIR PRICE CalculatorFor Medicines

Welcome to the International Association of Mutual Benefit Societies (AIM)’s fair price calculator for medicines. The calculator is the practical transcription of AIM’s fair pricing model (Ctrl + clik here), using the assumptions for the various parameters made in the model. The calculator is a tool designed to help healthcare stakeholders or anybody interested in the matter calculate a FAIR price for new or existing medicines (without generic competition) and compare it to the price paid or being negotiated. More importantly, this is a hands-on tool with clear proposals for data components to contribute to European and international debates about fair pricing and the transparency of R&D costs of medicines.

DESCRIPTION OF THE MEDICINE AND THE PATIENT POPULATION

LEVEL OF INNOVATION BASED ON THE THERAPEUTIC VALUE

Select one or more items :

FAIR PRICE COMPONENTS (per treatment per patient)

R&D cost
Production cost
Sales and medical information
Basic profit
Innovation bonus

FAIR PRICE CALCULATION

Fair price per treatment per patient
Fair price per month of treatment per patient
Fair price per year of treatment

This calculation is a unique price for all EU 27 countries. Mechanisms could be put in place in order to adapt the price to the situation of each country. Purchasing power could be one of the calculation method. Expand data by countries to see the differentiated fair price per treatment per patient according to purchasing power for 2019.

Source: https://ec.europa.eu/eurostat/web/products-datasets/-/tec00114

Expand Data By Countries

 

 

 

The fair price calculator is a purely technical tool, the results of which reflect only the application of the fair pricing model developed by AIM and do not imply any legal obligations on any party.        

This website only provides information of a general nature to the public. However, this information cannot replace professional and individual (legal) advice. All reasonable precautions have been taken by AIM to make the proposals included in this publication. However, the published material is being distributed without warranty of any kind, either expressed or implied. While AIM developed and shares the tool for free use, potential decisions made on the basis of the content provided are the sole responsibility of the respective user. No liability can be accepted for damages resulting from the use of this price calculator. The content provided may be changed or supplemented at any time without notice. External contents to which reference is made – e.g. by hyperlinks – are not within the sphere of influence and responsibility of AIM.

Creative Commons License
This website and underlying formula are licensed under a (Ctrl + Click) Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. It means that you are allowed to share and adapt the tool, as long as you give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

Any questions about the tool must be directed to Thomas Kanga-Tona, Project Manager: thomas.kanga-tona@aim-mutual.org.