Good for Business, Latvia, Markets and Companies, Medicine

The aforementioned turnover was made up of EUR 332 million worth of registered medicines and EUR 4 million worth of unregistered drugs sold in Latvia in 2015.

Sales of Latvian-made medicines rose by about EUR 4 million from 2011, to EUR 16 million in 2015, making up 4.7% of the total amount of medicines sold in Latvia in 2015.

Preparations containing meldonium were the best-selling Latvian-made drugs by euro-denominated sales, while Latvian-made preparations containing paracetamol, acetylsalicylic acid and caffeine were the best-selling drugs by the number of packages sold over the year.

Like a year before, preparations meant for treating cardiovascular conditions were the most widely consumed drugs last year (33%), followed by medicines for treating digestive and metabolic disorders (24%), drugs for treating neurological disorders (10%), drugs for blood disorders (10%) and medicines for treating conditions of other types.

Acetylsalicylic acid (aspirin) and ibuprofen were the most popular over-the-counter medicines in Latvia in 2015.

The average price of a package of Latvian-registered medicines last year rose 3% year-on-year to slightly more than EUR 7, while the average price of a package of unregistered medicines increased 18% to EUR 17.