{"id":150736,"date":"2017-02-01T15:00:32","date_gmt":"2017-02-01T15:00:32","guid":{"rendered":"http:\/\/healthmedicinet.com\/i\/turkey-aims-to-bolster-local-drug-production-minister-says\/"},"modified":"2017-02-01T15:00:32","modified_gmt":"2017-02-01T15:00:32","slug":"turkey-aims-to-bolster-local-drug-production-minister-says","status":"publish","type":"post","link":"http:\/\/healthmedicinet.com\/i\/turkey-aims-to-bolster-local-drug-production-minister-says\/","title":{"rendered":"Turkey aims to bolster local drug production, minister says"},"content":{"rendered":"<p><span id=\"article-text\"><br \/>\n<span id=\"midArticle_start\" \/><\/p>\n<p><span id=\"midArticle_0\" \/><span class=\"article-prime\"><\/p>\n<p><span class=\"articleLocation\">ANKARA<\/span> Turkey will guarantee the purchase of some medical products that international firms produce domestically, the health minister told Reuters this week, a strategy aimed at cutting reliance on imports and bringing in some $1.3 billion in new investment.<\/p>\n<p><\/span><span id=\"midArticle_1\" \/><\/p>\n<p>The drive to source more drugs locally comes as the lira currency has hit a series of record lows, driving up the cost of imports. Turkey, expects that state spending on medicine will reach 24 billion lira ($6.4 billion) this year, with 60 percent of that on imports. <\/p>\n<p><span id=\"midArticle_2\" \/><\/p>\n<p>&#8220;We want production to be done locally,&#8221; Recep Akdag said in an interview on Monday. &#8220;We want generic medications to be produced in Turkey and bought by the state.&#8221;<\/p>\n<p><span id=\"midArticle_3\" \/><\/p>\n<p>            <span class=\"article-divide first-article-divide\" \/><\/p>\n<p>&#8220;With domestic production of medicine and medical instruments, we expect 5 billion lira ($1.3 billion) in investment,&#8221; he said, adding the program will prioritize the production of higher technology products.<\/p>\n<p><span id=\"midArticle_4\" \/><\/p>\n<p>By producing 650 imported medical products domestically, Turkey could keep 2.69 billion lira at home, the Turkish Medication and Medical Instrument Institution estimates. <\/p>\n<p><span id=\"midArticle_5\" \/><\/p>\n<p>            <span class=\"article-divide second-article-divide\" \/><\/p>\n<p>Some firms are already paying heed. Iran&#8217;s CinnaGen recently said it would invest in production for biotech medicine. France-based Servier has said it would localise the production for the Turkish market.<\/p>\n<p><span id=\"midArticle_6\" \/><\/p>\n<p>Italian pharmaceutical firm Menarini has announced it would increase local capacity with a 15 million euro investment in its Turkish affiliate, Ibrahim Etem.<\/p>\n<p><span id=\"midArticle_7\" \/><\/p>\n<p>            <span class=\"article-divide third-article-divide\" \/><\/p>\n<p>The government also aims to increase the number of hospital beds in the national system to 150,000 from 120,000 now, Akdag said.<\/p>\n<p><span id=\"midArticle_8\" \/><\/p>\n<p \/><span id=\"midArticle_9\" \/><\/p>\n<p> (Writing by Tuvan Gumrukcu; Editing by David Dolan)<\/p>\n<p><span id=\"midArticle_10\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANKARA Turkey will guarantee the purchase of some medical products that international firms produce domestically, the health minister told Reuters this week, a strategy aimed at cutting reliance on imports and bringing in some $1.3 billion in new investment. The drive to source more drugs locally comes as the lira currency has hit a series <a class=\"read-more-link\" href=\"http:\/\/healthmedicinet.com\/i\/turkey-aims-to-bolster-local-drug-production-minister-says\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-150736","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/posts\/150736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/comments?post=150736"}],"version-history":[{"count":0,"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/posts\/150736\/revisions"}],"wp:attachment":[{"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/media?parent=150736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/categories?post=150736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/healthmedicinet.com\/i\/wp-json\/wp\/v2\/tags?post=150736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}