ARTICLE
16 August 2024

Pharmaceuticals And Life Sciences Law In Turkey Key Developments And Predictions - 2024

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Gun + Partners

Contributor

Gün + Partners is a full-service institutional law firm with a strategic international vision, providing transactional, advisory and dispute resolution services since 1986. The Firm is based in Istanbul, with working offices Ankara and Izmir. The Firm advises in life sciences, energy, construction & real estate, technology, media and telecoms, automotive, FMCG, chemicals and the defence industries.”
In Türkiye, a rapid rise in exchange rates and adverse economic developments have led to difficulties in sourcing certain life sciences products on the market...
Turkey Food, Drugs, Healthcare, Life Sciences

In Türkiye, a rapid rise in exchange rates and adverse economic developments have led to difficulties in sourcing certain life sciences products on the market, and even caused some pharmaceutical companies to, either partially or fully, withdraw from the Turkish market, or to abandon the decision to introduce new products to the market. Moreover, news of counterfeit products related to the practices of product procurement from abroad have further increased concerns about the reliability of the available products on the market.

It can be said that the healthcare industry regulation in Türkiye, in particular licensing, registration systems, ethics, and compliance rules are in line with the standards of developed countries and EU legislation.

Last year, the Turkish Medicines and Medical Devices Agency ("Agency"), established under the Ministry of Health ("Ministry"), and the Social Security Institution ("SSI") have started to take several additional measures to ensure the continuity of the supply of products to the market.

With this paper, we outline the most up-to-date issues in life sciences.

To view the full article, click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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