About calculation

Disclaimer

Cogvio IRP model calculates prices of original, prescription, hospital and non-hospital medicines in 30 countries of Europe. IRP effect is calculated only in countries where IRP method is used. In case the price is set during negotiations in some countries, it remains fixed in the model. The price revision is set on a specific date or is estimated from a minimum frequency determined by the relevant authority.

Austria

Retail

Price setting method:

IRP

Basket of countries:

Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Average of reference basket. If the price is found in less then 2 countries, then price is not calculated

Belgium

Retail

Price setting method:

IRP as supplemetary tool only

Basket of countries:

Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Not specified

Bulgaria

Retail

Price setting method:

IRP

Basket of countries:

Belgium, France, Greece, Italy, Latvia, Lithuania, Romania, Slovakia, Slovenia, Spain

IRP rule:

Minimum of the reference basket

Croatia

Retail

Price setting method:

IRP

Basket of countries:

Czech Republic, France, Italy, Slovenia, Spain, alternatively whole EU+EEA if no price found in the primary basket

IRP rule:

Average of three in reference basket - Czechia, Slovenia, Poland. Prices in all three countries must be available, otherwise Italy is added to the basket. If three prices still not available Spain is added to the basket. If no prices available in the reference countries, then the average of EU+EEA price is calculated.

Cyprus

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, France, Germany, Greece, Italy, Portugal, Spain, Sweden

IRP rule:

Average of: 1. The lowest from Austria, Germany, Denmark 2. Two lowest from Belgium, Spain, Sweden, Italy 3. The lowest from France, Greece, Portugal Price of products which is lower or equal to 10euro are not revised.

Czech Republic

Retail

Price setting method:

IRP

Basket of countries:

Belgium, Croatia, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithunia, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Average of three lowest in reference basket. If the difference between the lowest price and the average of the second and third lowest prices is higher than 20%, then the price is calculated as the average of the second and third lowest prices.

Denmark

Retail

Price setting method:

Free pricing

Basket of countries:

IRP rule:

Hospital

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Price is decreased by 2,5 % each year

Estonia

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Finland

Retail

Price setting method:

IRP as supplemetary tool only

Basket of countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Not specified

France

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Germany

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Greece

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Cyprus, Estonia, Finalnd, France, Germany, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain

IRP rule:

Average of two lowest in the basket but price decrease limited to maximum 7%

Hungary

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Average of three lowest

Iceland

Retail

Price setting method:

IRP

Basket of countries:

Denmark, Finland, Norway, Sweden

IRP rule:

Average of the reference basket

Hospital

Price setting method:

IRP

Basket of countries:

Denmark, Finland, Norway, Sweden

IRP rule:

Minimum of the reference basket

Ireland

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Denmark, Finland, France, Germany, Greece, Italy, Luxembourg, Netherlands, Portugal, Spain, United Kingdom

IRP rule:

Average of the reference basket

Italy

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Latvia

Retail

Price setting method:

IRP

Basket of countries:

Czech Republic, Denmark, Estonia, Hungary, Lithuania, Romania, Slovakia

IRP rule:

Lowest of the following prices 1. 3rd lowest from Czech Republic, Denmark, Romania, Slovakia, Hungary 2. lowest from Estonia and Lithiania

Lithuania

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

IRP rule:

Average of three lowest in reference basket

Luxembourg

Retail

Price setting method:

IRP

Basket of countries:

Country of origin

IRP rule:

Price follows the price of the originator country

Netherlands

Retail

Price setting method:

IRP

Basket of countries:

Belgium, France, Norway, United Kingdom

IRP rule:

Average of reference basket. Price must be found at least in two countries, otherwise price is not calculated.

Norway

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Denmark, Finland, Germany, Ireland, Netherlands, Sweden, United Kingdom

IRP rule:

Average of three lowest in the reference basket

Poland

Retail

Price setting method:

IRP as the main method

Basket of countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland

IRP rule:

Minimum of the reference basket

Portugal

Retail

Price setting method:

IRP

Basket of countries:

France, Italy, Slovenia, Spain

IRP rule:

Average of the reference basket, price decrease is limited to 5 %

Hospital

Price setting method:

Free pricing

Basket of countries:

IRP rule:

Romania

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Bulgaria, Czech Republic, Germany, Greece, Italy, Lithuania, Poland, Slovakia, Spain

IRP rule:

Average of three lowest in the reference basket

Slovakia

Retail

Price setting method:

IRP

Basket of countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden

IRP rule:

Average of three lowest in the reference basket

Slovenia

Retail

Price setting method:

IRP

Basket of countries:

Austria, France, Germany, alternatively all countries of EEA/Europe if no price found in the primary basket

IRP rule:

Minimum price found in the reference basket, alternatively median from EEA if no price in the primary basket

Spain

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Sweden

Retail

Price setting method:

Negotiation

Basket of countries:

IRP rule:

Switzerland

Retail

Price setting method:

IRP as the main method

Basket of countries:

Austria, Belgium, Denmark, Finland, France, Germany, Netherlands, Sweden, United Kingdom

IRP rule:

Average of the reference basket

United Kingdom

Retail

Price setting method:

Negotiation