New EU Agreement on Procurement of Critical Medicines
May 23, 2026
The new EU agreement on critical medicines aims to improve access to medications for smaller member states like Cyprus. It supports collaboration among member states for joint procurement of drugs, enhancing their bargaining power. The Health Minister emphasized the agreement's significance, acknowledging the challenges faced by small markets. The regulation also includes support for the pharmaceutical industry in Cyprus by facilitating access to funding. These changes are expected to enhance the supply security of medicines for all member states.