BRAZIL
regarding major sectoral themes .
One of these is the reduction of the steep tax burden that falls upon medications in Brazil . It is absurd that taxes represent one third of the end price of medication- 33.9 % - , while the world average in terms of drug taxation is of 6.3 %.
It is Sindusfarma ´ s understanding that the pharmaceutical industry that has settled in the country faces distortions in economic regulation . For example , there is the need to modernize legislation that sets forth prices and readjustments for medication , as the law in force penalizes productivity gains and inhibits investments in Research and Development ( R & D ).
The correct remuneration for innovation is fundamental for companies to become motivated to invest the steep resources needed for state-of-theart medication .
Solemnity of Sindusfarma of Quality Award , held at the HSBC Brasil playhouse , in São Paulo www . sindusfarma . org . br 73