Get ready for more affordable travel options to New Orleans starting this summer.
11.03.2025 - 17:07 / euronews.com
The EU executive included a new 'Buy Europe' mechanism with its long-awaited proposal for a Critical Medicines Act, unveiled on Tuesday, a key piece of health legislation for this term. The proposal came just in time to meet Health Commissioner Olivér Várhelyi’s self-imposed deadline of 100 days in office.
This accelerated timeline for the proposal has sparked controversy due to the lack of a comprehensive impact assessment and limited stakeholder feedback, but the Commission said the proposal was urgently needed in view of ongoing medicine shortages.
The Act aims to secure stable and reliable supply chains within the EU, ensuring a high level of public health protection and security.
“The Critical Medicines Act ensures that EU patients have access to the medicines they need, when and where they need them at an affordable price. In the current geopolitical context this has become an even bigger priority,” said Várhelyi.
The proposal establishes the security of supply and availability of critical medicines as a strategic EU objective. Achieving this requires a coordinated approach at both national and European levels, the Commission acknowledged.
The Act primarily targets critical medicines included in the EU’s list of critical medicinal products drafted by the European Medicines Agency (EMA) in 2023, focusing on drugs used to treat serious conditions or those with limited alternatives.
The proposal seeks to tackle severe medicine shortages in the EU, particularly for essential drugs such as antibiotics, insulin, and painkillers. Many of these medicines have become difficult to obtain due to reliance on a limited number of manufacturers or countries.
The Commission acknowledges the EU's heavy dependence on foreign suppliers for active pharmaceutical ingredients (APIs) and the risks posed by export disruptions. The COVID-19 pandemic exposed these vulnerabilities, underscoring the need for a more resilient supply chain.
While pharmaceutical companies are responsible for ensuring sufficient medicine supply, individual EU member states oversee distribution within their territories. Most shortages are currently managed at the national level.
The new proposal aims to boost investment in manufacturing essential medicines and key ingredients within the EU, reducing external dependencies.
A key measure is a sort of 'Buy European' principle, which introduces public procurement award criteria that prioritise the security of supply over price alone.
In practice, when a vulnerability in supply chains and dependence on a single third country is identified, EU contracting authorities will, where justified, apply procurement requirements favouring suppliers that manufacture a significant portion of these critical medicines
Get ready for more affordable travel options to New Orleans starting this summer.
While numerous excellent new hotels have arrived recently in New York City, there's something extra special about the reimagining of an old classic—particularly when it's a piece of Manhattan history like the Waldorf Astoria. After a massive restoration project, the hotel reopens its doors this spring with revamped Art Deco-style interiors courtesy of designer Pierre-Yves Rochon; a 30,000-square-foot spa; and a two-story brasserie where guests can sip martinis below an opulent chandelier.
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The European Commission unveiled this week one of its most significant health proposals, the Critical Medicines Act, which aims to enhance the security of supply and availability of essential medicines across the EU.
Gold prices reached a new high on Thursday, with gold futures at Comex surging 1.5%, briefly surpassing a new milestone of $3,000 (€2,764) per ounce for the first time in history. Spot gold prices jumped 1.9% to $2,988 (€2,752) per ounce, making another all-time high.
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