10 February 2009

UNICHEM UPDATE CONCERNING PPRS TRADE PRICES

UniChem is pleased to confirm that it has now been able to sell through a significant level of its devalued stock at old PPRS trade prices. Although it still expects some financial impact, from next week it will be moving to the new PPRS trade prices on all products, with the exception of one supplier. UniChem will provide a further update again when it is able to implement new trade prices on these remaining 36 products.

Mark Stephenson, Commercial and Supplier Relations Director comments:

“UniChem would like to thank its customers for their understanding of the challenges presented by this difficult issue. As previously stated we believe that this was the only viable solution in what was an extremely challenging situation and our ultimate aim was to maintain supply of medicines to patients whilst ensuring that our business was not impacted by the significant devaluation of the stock we had retained.

“We hope in future that the small minority of manufacturers concerned will better understand the impact this issue has had across the supply chain.”

For more information please contact:
Sanam Conway, Communications Manager, UniChem, 0208 974 4045