• Germany's news in English

No more Merck cancer drug for Greek hospitals

The Local · 4 Nov 2012, 08:55

Published: 04 Nov 2012 08:55 GMT+01:00

Saturday’s Frankfurter Allgemeine Zeitung newspaper said the continuing economic crisis and chaotic situation in Greece had prompted the sales ban.

The Greek government has paid for imported medicines with bonds due in a few years since the spring. But many firms receiving these sold them at a big loss, the paper said.

Erbitux is approved for use in many countries and carries indications for colorectal and head and neck cancers. It is Darmstadt-based Merck’s second most important drug, the paper said.

Merck is not the only company to stop selling pharma products to Greece. Biotest halted sales of a blood plasma product in June due to millions of euros in unpaid invoices.

Merck’s Finance Chief Matthias Zachert told the Börsen-Zeitung financial paper that other crisis-ridden countries had made progress. He said the Spanish government has taken action to reduce its debt to pharma firms.

Story continues below…

The Local/mw

The Local (news@thelocal.de)

Your comments about this article

12:10 November 4, 2012 by pepsionice
Nothing to get excited about....these trends have been going on since January. If you were a diabetic, your local Greek drug store could not provide you with insulin unless you funneled cash to them and they'd order the drug to be Fedex'ed in within two days. Your Greek pharmacy was selling mostly aspirin, band-aides and sun-tan lotion.....that was it. The political folks can't answer the complaints. Fixing it? Until Greece has stabilized....don't expect nothing. I'll predict that a quarter of the Greek population leaves by 2015.
12:56 November 4, 2012 by smart2012
Pepsionice again completely gets it wrong. Just a reminder: Greece is paying millions to thyseenkrupp for two submarines that were signed up a couple of years ago being pushed by Frau Verkel. Why Greece needs submarines??? Maybe to keep German business running???

All of this shows how Verkel policy is crap, and is destroying Europe. And yesterday Verkel said we still need 5 years to exit the crisis, to cover her ass...

And where Greeks should go, maybe to Germany to have 400 euros jobs or pay more and more taxes (1/3 of Germans towns are going in bankrupt as per Ernst & young last week report)...

Verkel, go away!!!
13:18 November 4, 2012 by pepsionice

You get this totally correct....why buy sub's? Why buy tanks? Why buy fighters? If I were a Greek citizen....I'd demand responsible political figures.

But for the Greeks coming into Germany....looking for 400-Euro jobs? Ha. If you have a four-year degree....it'll only take a couple of weeks to market your resume and get hooked up with a German company. Go and look around at Spaniards and Italians....all with business or technical backgrounds....they are getting German jobs since the spring of 2012.

As for the German towns going into bankruptcy? These guys signed up for services, contracts, and infrastructure projects that went well beyond reason. The Koln opera house that was built but the original survey before construction identified it as a zero-profit situation and would drain local city revenues to stay open....which is exactly what is going on today....a decade after it opened. We could go through all of the top one hundred German cities today, and find dozens of construction projects that should not have been approved. Who is to blame? Political figures from every single party....even the Greens.
13:40 November 4, 2012 by smart2012
A. Greece was pushed by Verkel and sarkozy to sign up contracts for guns, subs etc etc... To get in exchange green light for eu money..

B. I would have agreed 2-3 years ago, now finding/keeping job is much more difficult in Germany. I live in Munich and work for a big company.. I could give u plenty of examples.. Big companies are now moving to Switzerland (tax benefits) or Russia / china /India etc etc

C. Fine with your comment ;)
15:06 November 4, 2012 by hallopeople
Thanks Local, you are helping as therapy to express hatred and envy of some people who have problems for a long time to German people or Germany. ' Hope they can live in peace. People enjoy life to the fullest forget the Germans.LoL.
16:43 November 4, 2012 by IchBinKönig

I have to say, everything I have been saying would happen to Europe, these hast 4 years, has now happened. Idiots here told me it wouldn't. But it has. How's that Government you love so much working out for you? Wasn't it 'Free' Heath Care that you sold your future and sovereinty for? How's that working out?

Gotta love big government Socialism, and the useful dummies who support it.
17:48 November 4, 2012 by Englishted
@ IchBinKönig,

Blame the Socialist? which country has them in power apart from France and that is only recently .

And to find it funny that people will die because they can't afford the drugs needed for treatment is contemptible even by your low standards.
19:13 November 4, 2012 by smart2012
konig, u are so non sense.. Now I understand why BILD is red so much in Germany.... Germans, get Verkel out, ww3 is getting closer
Today's headlines
Paris climate conference
Germans reluctant to go green, survey finds
This NASA handout shows CO2 release based on real emissions data. Photo: DPA

Germans reluctant to go green, survey finds

31 minutes ago

Most Germans might see climate change as a threat - but that doesn't mean they're willing to change their behaviour, according to a recent YouGov survey.

The Local List
The 10 greatest German Alpine ski resorts
Skiing in the Allgäu. Photo: DPA

The 10 greatest German Alpine ski resorts

1 hour ago

This ski season looks set to be epic, with runs already open before December has even started - boding well for the rest of the season. We bring you the ten very best German resorts so you can make the most of it.

Bavaria accused of hoarding Nazi-looted art
Max Beckmann paintings in the Pinakothek der Moderne in Munich. File Photo: DPA

Bavaria accused of hoarding Nazi-looted art

5 hours ago

A group of US Congressmen have sent a letter to Bavarian Minister President Horst Seehofer, urging him to do more to help return art stolen by the Nazis to its rightful owners.

Berlin suspects freed hours after terror raids
Police stand guard as colleagues search a van in Britz, south Berlin, on Thursday evening. Photo: DPA

Berlin suspects freed hours after terror raids

5 hours ago

Three suspects arrested in Berlin on Thursday night on suspicion of planning a terrorist attack were freed on Friday morning, police said.

Cologne fights drunks with walls that 'pee back'
"Don't pee here! The wall pees back!" warns a new sign in Cologne main station. Photo: DPA

Cologne fights drunks with walls that 'pee back'

5 hours ago

In Germany, those who urinate in public places have their own name: "Wildpinkler" or "free pee-ers." But they're about to face a backlash in Cologne - in a very literal and embarrassing way.

Final days of Hamburg Olympic vote battle
Demonstrators against the Olympic bid. Photo: DPA

Final days of Hamburg Olympic vote battle

8 hours ago

The finishing line is in sight. On Sunday Hamburgers vote on whether they want the 2022 Olympics to come to town and the result could be tight.

Two men arrested in Berlin police terror raids
A Berlin SEK (SWAT) officer during a deployment in June 2015. Photo: DPA

Two men arrested in Berlin police terror raids

23 hours ago

Police arrested two men after raids at two Berlin locations on Thursday afternoon after tip-offs about known Islamists believed to pose a threat of violence.

Swimmer faces probe over Auschwitz tattoo
Rails run towards the entrance of the extermination camp at Auschwitz. Photo: DPA

Swimmer faces probe over Auschwitz tattoo

1 day ago

Prosecutors are investigating a man who appeared at a swimming pool on the outskirts of Berlin with a tattoo depicting a concentration camp and an infamous slogan used by the Nazis across his back.

Munich Jews feud over Holocaust remembrance
Stolpersteine. Photo: DPA

Munich Jews feud over Holocaust remembrance

1 day ago

A bitter fight has broken out in Munich’s Jewish community over how to remember the victims of the Holocaust, with one group now taking the city to court.

Fight against Isis
German air force will join French planes over Syria
A Bundeswehr (German army) Tornado aircraft taking off from the Jagel airbase in Schleswig-Holstein in 2013. Photo: DPA

German air force will join French planes over Syria

1 day ago

Update: A Leading German MP confirmed that the country will offer military aid to France in the fight against Isis in Syria, following a promise by Chancellor Angela Merkel during a visit to Paris on Wednesday.

Germany's 10 most-expensive cities
Sponsored Article
How to figure out healthcare abroad
German ISS astronaut tells kids to follow their dreams
Sponsored Article
Why family companies need free trade and TTIP
90 percent of Germans want tougher security
Sponsored Article
'Innovative companies like Hövding benefit most from TTIP'
Are you living in Germany's most expensive city?
Sponsored Article
The cheapest and fastest way to transfer money
Should singer accused of homophobia represent Germany at Eurovision?
70 years since the Nuremberg Trials
The German connection in the Paris attacks
Snow expected on 'first weekend of winter'
10 years of Angela Merkel in Berlin
Could soldiers soon be patrolling German streets?
Second German Paris victim was teacher and journalist
'We can't beat Isis with military means'
How will Germany help France fight Isis?
One German confirmed dead in Paris attacks
'Don't take Paris out on refugees': German defence minister
Germany's minute of silence for Paris victims
Nightclub bans refugees for harassing women
OPINION: Refugees must learn to respect German values
The ancient German community at the heart of Texas
jobs available
Toytown Germany
Germany's English-speaking crowd