HOSPITAL SHORTAGES MEDICINES
Despite the industry’s focus and efforts, hospital shortages of drugs ranging from innovative life-saving to basic essential generics are straining healthcare systems globally, posing a major risk to patient care and forcing hospital pharmacists to continuously seek and source alternative medicines to those in shortage.
The global unmet medical needs for hospital shortages is estimated over 7 billion USD per year (IQVIA report, 2020).
For over a century, the FarmaMondo Group has been dedicated to expanding access to medicines through collaboration with pharmaceutical manufacturers, jointly addressing unmet medical needs across our footprint.
PARTNERING WITH FARMAMONDO FOR HOSPITAL SHORTAGES
At FarmaMondo, we are dedicated to collaborating with healthcare providers and pharmaceutical manufacturers to address hospital shortages. Across our extensive geographical reach, we serve as a trusted commercial partner for thousands of hospitals, pharmacies, and health agencies, helping them secure high-quality medicines to alleviate national shortages.
As a niche leader with extensive experience across numerous countries, FarmaMondo has developed an efficient operational model that enables us to source and deliver the required medicines with both urgency and unwavering quality standards.
We serve as an integrated commercial partner for manufacturers and customers, overseeing the entire supply chain, financial aspects, and regulatory compliance, consistently delivering the right medicines from anywhere to everywhere.
The global shortage of essential drugs in hospitals has long become a critical issue that impacts healthcare systems worldwide. It compromises the quality of patient care and places significant strain on healthcare professionals who are working tirelessly to provide effective treatment.
Hospital shortages arise from a complex array of factors, including manufacturing disruptions such as quality batch failures, regulatory challenges, distribution and transport bottlenecks, and geopolitical tensions. The sudden and potentially prolonged unavailability of life-saving medications and essential generics has profound and immediate consequences for both caregivers and their patients.
Hospital shortages are a global challenge, affecting high, middle, and low-income countries alike.
In the EU, national pharmacy bodies from 26 countries reported worsening shortages compared to the previous year. In the USA, 2023 saw an average of 301 drugs in shortage per quarter, representing a 13% increase from the previous year. Over 99% of US hospitals reported drug shortages, with 85% describing the impact as critically or moderately severe.
The limited availability of essential medicines in middle and low-income countries where FarmaMondo extensively operates represents significant unmet needs.
Approximately 85% of out-of-stock items in hospitals are generic drugs.
CONTACT FOR HOSPITAL PHARMACISTS
FarmaMondo understands your needs and expectations in addressing your hospital shortages. We realize the urgency, we are aware of the applicable regulatory routes, and we adapt to all the common procurement mechanisms and administrative procedures in relation to unlicensed medicines.
Contact FarmaMondo to overcome product shortages your hospital is facing:
For specific regional needs, please contact our regional hubs:
CONTACT FOR PHARMACEUTICAL MANUFACTURERS
Pharmaceutical manufacturers from MRA countries who wish to partner with FarmaMondo to tap into the hospital shortage opportunity please contact:
