Description

International Reference Pricing (IRP), also sometimes called External Reference Pricing, is a procedure where countries use information about prices in other markets for price setting for medicines in their market. IRP is a common tool which many markets use for setting of medicine prices. This Excel sheet includes information on the International Reference Pricing practices of more than 70  markets for setting prices of medicines. This includes:

• Reference Rules at Launch
• Reference Rules Post Launch and frequency of re-referencing
• IRP Controlled Price Level (Price metric used for referencing)
• Minimum number of countries required (from the reference basket) to apply formal IRP rule
• IRP for Hospital Products
• Basket of reference countries and type of referencing