international reference prices
- Guideline or reference source
- WHO Glossary
- Definition
- In the WHO/HAI survey measuring prices, availability, affordability and price components of medicines, medicine prices are expressed as ratios relative to a standard set of reference prices to facilitate national and international comparisons. Median prices listed in MSH’s International Drug Price Indicator Guide have been selected as the most useful standard since they are updated frequently, are always available and are relatively stable. These prices are recent procurement prices offered by both not-for-profit and for-profit suppliers to developing countries for multi-source products. How representative reference prices are generally depends on the number of suppliers quoting for each product. For example, if a medicine has a single, high supplier price, a low median price ratio (MPR) will be obtained, which can be misinterpreted as low national prices.
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