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Wednesday, April 7, 2010 as of 11:14 AM ET

Drug Companies

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The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices.

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Drugmakers Assess Contingency Plan For Greece

Global drug companies are working with European authorities on how to keep medicines flowing into Greece if the country is forced out of the region's single currency and can't pay for such products.

"There is no concrete plan but there is an understanding that, if something happened, we would need to move swiftly and the industry is prepared to take a reasonable approach," said Richard Bergstrom, director general of the European Federation of Pharmaceutical Industries and Associations."There are historic precedents where the pharmaceuticals industry has behaved very rationally and responsibly together with governments," Bergstrom said, citing as an example Argentina's collapse in 2002, when some drug manufacturers continued supplying medicines without payment for a period of time."There will be a discussion of an orderly arrangement, but this topic is totally forbidden to be discussed in the EU Commission and that's why there are no overall plans. But it is first and foremost the compan...

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