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International drug price comparisons: quality assessment
Márcio Machado1, Ryan O'Brodovich, Murray Krahn
1Leslie Dan Faculty of Pharmacy, University of Toronto, Toronto, Ontario, Canada. m.machado@utoronto.ca
International drug prices vary significantly, with higher income countries having more affordable medications when adjusted for income. Low income countries face challenges with drug access and affordability, impacting health outcomes.
Area of Science:
- Health Economics
- Pharmaceutical Policy
- Global Health
Background:
- International drug price comparison studies are crucial for understanding global pharmaceutical markets.
- Assessing the methodological quality of these studies is essential for reliable findings.
- Drug affordability, adjusted for income, provides a more accurate picture than raw prices.
Purpose of the Study:
- To quantitatively summarize findings from international drug price comparison studies.
- To assess the methodological quality of existing drug price comparison research.
- To analyze drug prices and affordability across different countries.
Main Methods:
- Systematic literature search of Medline, Embase, IPA, and Scopus up to May 2009.
- Extraction of international drug price and affordability data from 21 selected studies.
- Assessment of study quality using six predefined criteria.
Main Results:
- Only 1 out of 21 studies met all quality criteria, indicating poor overall study quality.
- Significant variation in methodologies (indices, parameters, price types) led to inconsistent results.
- Higher income countries generally had higher nominal drug prices but greater affordability after income adjustment.
Conclusions:
- Substantial differences exist in drug prices and affordability globally.
- Low-income countries experience lower drug affordability, potentially hindering access and negatively impacting health.
- There is a critical need to improve the quality and standardization of international drug price comparison studies.
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