Abstract
Since the publication of Review 2001 in the European Union, comprehensive changes to pharmaceutical legislation have led to a considerable modernization of the legal framework for medicinal products developed and commercialized within the European Union. By analyzing the community law, it becomes evident that the principles of ‘free movement of goods’ and ‘protection of public health’ constitute the key determinants of the actual and future development of legislation for pharmaceuticals in Europe.
This article reviews the recent changes in the regulation of pharmaceutical products, including important case law decisions within the European Union. Focusing on the question of how far the pharmaceutical market has been harmonized up until now, different areas of pharmaceutical entrepreneurship are analyzed: the situation for innovative medicines, conditions for generic products, the market of parallel importation and parallel distribution, and the role of public health concerns in the future regulatory process.
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