FAQ

• General
  • What is the Rx Price Index?
    The Rx Price Index™ is an online database that pulls together pricing information for all licensed available pharmaceutical products across the European markets and other select countries. It is a web based database and as such it can be accessed across multiple platforms, such as PC, tablet or phone anywhere you like.
  • When would I use this database?

    You would use the Rx Price Index in a variety of situations. The Database allows you to effortlessly view all licenced available products across the European Union thus saving you time and resources. The data can be used for:

    
    

    Competitive Landscaping:	Provides a comprehensive snapshot of the market thus giving a reliable picture of the competitive terrain
    Launch Planning:	Determine the optimal launch sequence for new products based on EU reference market price point
    Pricing:	You can use the Rx Price Index to lay the foundation for a transparent pricing strategy based on established price points in the market

    
    
  • What countries does the database cover?

    The database currently covers 25 European Markets. The complete coverage of the Rx Price Index is as follows:

    Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Macedonia, Norway, Poland, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.

    
    

    For further details on the European Markets covered please visit the sources pages or otherwise please feel free to send us an email at analysis@rxpriceindex.com

  • What price types are shown in the database?

    All product present in the Rx Price Index will show the Ex-Manufacturer (Ex-Factory/List Price) price type. Furthermore, the products listed on the Rx Price Index also show the Wholesaler Price, Pharmacy Price and the Retail Price. In many European Markets the wholesaler and the pharmacy margins as well as the different taxes applied to medicines are defined by law. As such for these countries we have country specific laws that state the margins to be applied to product. For those countries that have margins not defined by law, several sources per country are consulted, such as ISPOR Reports, Individual Pharma Profiles and European Commission Reports.

    
    

    Please note that the Rx Price Index does not include any confidential discounts arising from discussions between the Manufacturer and the HTA or the wholesaler, and the wholesaler and the pharmacy/HTA.

    • Ex-Factory Price:
      It is the manufacturer/list price.
    • Wholesaler Price (PPP):
      It is the Ex-Factory Price plus the wholesaler mark up. This is the estimated Pharmacy Purchase Price (PPP)
    • Pharmacy Price:
      It is the wholesaler price plus the pharmacy margin. This price is at the net of Taxes (VAT).
    • Retail Price:
      It is the price inclusive of all Margins and taxes
  • How are the Price presented?
    Prices are displayed with the same currency across all markets. Furthermore, we give you the possibility to choose between five major currencies: GBP, EUR, USD, JPY and CNY. All price points are converted using daily rates from the European Central Bank.
  • Can I see the product price in the currency that the record was first captured?
    Once you download the data into excel, the product will be listed with the local currency at which the product was captured as well as the different price types. Furthermore, the excel file will also list the currency exchange rate that was used to convert the local prices into the selected currency.
  • What is the source of the product information used in the database?
    The data from all the countries is sourced from publically available published databases that list medicinal and healthcare products. Many of these databases are supported by the local health authority in the country and are updated regularly to include any new products, price changes or product deletions.
  • How often is the database updated?
    The schedule of published updates from each of the country’s health authority varies between 2 weeks and 6 months, depending on how often they change the price of their product. To provide a level of consistency throughout the database, the records for each of the countries within the RX Price Index will be updated on a monthly basis to incorporate any of these changes. The version number and date will be available on the search page of the website and on any CSV file that is downloaded from the site.
  • What language is the product data presented in?
    All product information, where possible, has been translated into English and has been standardised to show the product details consistently throughout the RX Price Index.
• Ease of Use
  • How can I search the database?

    You will be able to search the RX Price Index in three ways: Brand Name/Generic, Active Substance, Licence Holder

    You will also be able to select the data range that you require, whether it is the most current price point or the longitudinal data from June 2015 as well as selecting as many or as little country coverage that you require.

  • Is the licence holder the same as the manufacturer?
    In the European Union the licence holder might differ from the manufacturer and it may vary from country to country. In the Rx Price Index, we capture the Licence Holder and not the Manufacturer.
  • How is the data presented?

    The data will be presented in a table format, showing the following fields: Product, Active Substance, Quantity, Form, Strength, Licence Holder, Country, Ex-Factory Price, Wholesaler Price, Pharmacy Price, Retail Price, Price Date.

    You will be able to select how many records you would like to display on one page and you can opt for 10, 50 or 100.

  • What if I want to search the database using different parameters then the ones available?

    The Rx Price Index can only be searched by the Brand Name/Generic, Active Substance and Licence Holder.

    However, should you be interested in looking at something different, you could send us an email to sales@rxpriceindex.co.uk or you could call us on 01628621790

  • Can the data be downloaded?
    The data can be downloaded as a CSV file, in Excel 2003/Excel 2007. The downloaded data presents more information that can be displayed on the Website output such as: all the product prices in the local currency at which it was downloaded as well as the currency exchange rate used to exchange the price to your requested currency output.
• Subscription questions
  • What Subscriptions are available?

    There are two different types of subscription options available depending on usage requirements

    • Enterprise Users
      Enterprise user subscription will give you full access to the Rx Price Index. You will be able to search for and download an unlimited number of records. Furthermore, you will be able to tailor the subscription depending on the countries that you require.
    • Custom Report
      We will create a custom report for you based on the country coverage, the longitudinal data and products that you request.
  • How many accounts can I create on the Enterprise User subscription?
    You will be able to request up to 5 users. Should you require further users, we would be able to add additional users by charging an administrative fee.
  • What happens if I cannot find the information I am looking for?
    The data is sourced from databases supported by the local health authority in the country. If the local health authorities have not approved or registered the product, it will not be listed in the database. If you feel something is missing that should not, please contact the analysis team at analysis@rxpriceindex.com. Please provide any product and country specific information you are aware of and we will investigate the potential reason why it has been omitted from the database.
  • If I have problems accessing the site, who do I contact?
    Although problems accessing the database should rarely occur, should you have a problem accessing the Rx Price Index portal, please do not hesitate to contact our IT team at datasupport@rxpriceindex.com or call us on 01628621790 and we can help you find a solution.