No more Merck cancer drug for Greek hospitals
Published: 4 Nov 12 08:55 CET | Print version
Online: http://www.thelocal.de/money/20121104-45959.html
German pharmaceutical company Merck has stopped selling its cancer drug Erbitux to Greek hospitals, as they are not able to pay. Patients needing the drug will have to buy it themselves from pharmacies.
- Finance minister: Greece only has self to blame - Business & Money (27 Oct 12)
- Greek PM set to visit Bavaria over bail-out - National (22 Oct 12)
- Greek press welcomes Merkel despite protests - Analysis & Opinion (10 Oct 12)
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.
The Local/mw
What do you think? Leave your comment below.
Hamburg to be run by at least 40 percent women
Hamburg city state has taken the first steps to introducing a women's quota in management - passing a law saying that no committee can be staffed by more than 60 percent of a single gender. READ () »
German investor confidence on the up
German investor sentiment rose slightly in June, on firming hopes for a gradual recovery in Europe's biggest economy in the second half of the year, the ZEW economic institute said on Tuesday. READ () »
Commerzbank 'to shed 5,000 jobs'
Commerzbank, Germany's second largest bank, looks set to shed 5,000 jobs, it emerged on Tuesday. The move is part of an attempt to recover from heavy losses incurred during the 2008-2009 financial crisis. READ () »
Deutsche Bahn fires staff in corruption clean-up
Deutsche Bahn has fired more than 30 managers who were involved in bribery - and is withdrawing from a slew of countries where corruption is rife. READ () »
Sun sets on Siemens solar division
German tech giant Siemens has drawn a line under its foray into the solar power business and is closing down the division, business newspaper the Handelsblatt reported on Monday. READ () »
Motorists flush away millions in toilet tickets
Motorists in Germany are throwing away millions of euros - by not cashing in the 'refund' ticket handed out by public toilet companies operating at autobahn stops. READ () »
Germany joins EU youth unemployment fight
Germany, Italy, France and Spain sent their economy and labour ministers to Rome on Friday to try to find ways to reduce the mass youth unemployment blighting the lives of millions across Europe. READ () »
Canny footballer shoots, scores, is banned
A German amateur footballer who took part in a goal-shooting competition organized by an electronics retail chain, won thousands of euros worth of goods for himself, friends and even complete strangers - until the store banned him. READ () »
Rat poison found at Lidl supermarkets
The German discount supermarket chain Lidl was under fire on Thursday for reportedly scattering rat poison on its produce shelves - without warning customers or reporting a rodent problem to the authorities. READ () »
Berlin: EU can find 'good solution' to US free trade
Germany is confident the EU will find a "good solution" despite differences and hand the EU Commission a mandate to negotiate a landmark free-trade accord with the United States, a government source said on Friday. READ () »
- 12/06 Vodafone makes bid for Kabel Deutschland »
- 11/06 German court scrutinizes ECB's bond buying »
- 11/06 Poorer pensioners forced to work into 70's »
- 10/06 ECB official: German court could sink euro »
- 10/06 One in four Germans work in low-wage sector »
- 09/06 Germany expands EU small business scheme »
- 07/06 Key German exports eclipsed by China »
- 07/06 Outlook brightens as German trade picks up »
- 06/06 Puma signs Bangladesh factory safety pact »
- 06/06 Tax equality for gay German couples »
See all ads | Join the Marketplace
-
Chambervelt Rooselain & Cie Ltd.
Insurance and financial planning for English speakers in Germany -
British Corner Shop
British Corner Shop - The online supermarket for expats -
PsyShrink Munich
The Expat Psychologists in Munich, Frankfurt and worldwide -
PsyShrink Frankfurt
The Expat Psychologists in Munich, Frankfurt and worldwide
888 jobs available
667 new jobs this week
122 new jobs today
- IP Solution Manager (m/f)
- Supporter (m/f) in the Area of SAP Globalization Services
- Software Developer .NET (f/m)
- Personal Assistant
- Service Technician After Market Services
- EH&S Specialist Europe (m/f)
- Manager German Tax (m/f)
- On-site Account Manager (m/f) - High Level Technical Support
- On-site Account Manager (m/f) - High Level Technical Support
- Application Engineer - PreClinical Applications (m/f)
- 19/06 H&M blames long winter for profit drop »
- 19/06 Sweden sells 6.4-percent stake in Nordea »
- 18/06 Aid cuts would be 'devastating' »
- 18/06 Swedish forestry firm cuts 2,500 jobs »
- 17/06 Sweden among winners in future EU-US deal »
- 17/06 New Telia CEO 'excited' about the job »
- 17/06 ABB board unanimous in pick of CEO »
- 14/06 Wine pulled because it was 'too good': supplier »
- 14/06 Sweden may cut aid to Palestinian territories »
- 14/06 Gothenburg corruption blamed on city culture »
- More Space, More Art – The “New” Lenbachhaus in Munich
Following a long period of restoration work that included an extension, the year 2013 has seen the reopening of the Lenbachhaus in Munich. - By Way of a Detour – Germany at the Biennale in Venice
For decades now it has been considered to be in the best possible taste at the Biennale to call the competition among the nations into question. - “The Monetary Union is Driving the Countries of Europe Apart” – Four Questions for Wolfgang Streeck
The euro is in crisis, a crisis that some say threatens to break up the European Union itself.... - Antigone as a Comic – Detlev Baur on the first theatre magazine for young people
Since 2007 the the youth magazine Junge Bühne has appeared annually. - “Racism is a violation of human rights” – An Interview with Selmin Çalışkan
Police violence, discrimination, the plight of refugees – human rights violations also happen in Germany, says Amnesty International.
- “Culture drives development”
German cultural manager Ulrich Fuchs is Deputy Managing Director of European Capital of Cultural Marseille. - “Culture creates identity and – what is now needed most – solidarity”
Cristina Conde de Beroldingen, Director of the Instituto Cervantes in Berlin, appeals for a Europe of community and synergies. - “You shouldn’t talk about Europe, you should do it”
Georg M. - “Culture can be the ‘cement’ of a society”
Thibaut de Champris, Director of the Institut français in Mainz, attributes culture with a healing role.
- Consultant (m/f) for SAP Authorization Governance
- Design Engineer Aerospace in Toulouse
- Design Feasibility Engineer / Craftsmanship Engineer (m/f)
- Exterior Designer (m/f)
- Projekt Cost Controller (m/f) for Plant Engineering Projects
- Strategic Project Junior Manager (f/m)
- Filmproduktion sucht
- Filmproduktion sucht Fahrer oder
- Filmproduktion sucht Herstellungsleiter
- Filmproduktion sucht Kostümbildner
- 16:31 The contents of your favourite sandwich
- 16:30 Mums, bumps, and kids weekly meeting in Berlin
- 16:28 Legal standing on this rent matter
- 16:24 Police Report (Anzeige) filed against me
- 16:23 Hiking tours in the Bavarian pre-Alps
- 16:07 Cross Fit Gyms in Munich
- 15:57 Paperwork after a marriage (U.S./German couple)
- 15:57 Midsummer Thai Dinner
- 15:55 Meet up for indecisive 20-somethings
- 15:49 Body odor (BO) from colleagues
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Your comments about this article:
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!!!
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.
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 ;)
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.
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.