Parallel Trade
Understanding parallel trade in pharmaceuticals
What is parallel trade?
At its core, parallel trade in pharmaceuticals is about bringing the same high-quality medicines to Ireland at more affordable prices. Imagine a medicine produced by a well-known brand; it’s the same medicine you trust but comes to you through a different route.
Companies like AMI members specialise in sourcing original medicines from different EU countries, repackaging them into Irish packs, ensuring they fully comply with local laws, and then making them available right here in Ireland. This process guarantees that you get exactly the same product, just in different packaging, at a lower price.

Introduction to Parallel Trade
Thanks to the EU’s Single Market, parallel traders can legally purchase medicines from any EU/EEA country. They then carefully repackage these medicines to meet Ireland’s specific requirements, including language, and sell them at competitive prices. This practice leverages the price differences across Member States, offering a more cost-effective option to the Irish market without compromising on quality.

Legal framework
The practice of parallel distribution is well-established and protected by European law, rooted in the principles of free movement of goods and the exhaustion of intellectual property rights. It’s a regulated, legal activity that has been recognized by European courts for decades, ensuring medicines can move freely within the Single Market while adhering to strict safety and regulatory standards.

Regulatory framework
Parallel distribution operates under a comprehensive EU and national legal framework, ensuring that all medicines meet the highest standards of quality and safety. Both exporters and importers are required to hold appropriate licenses, such as the Good Distribution Practice (GDP) license, and comply with stringent regulations, including those related to packaging and marketing. These regulations ensure that every step of the process, from sourcing to sale, is conducted with utmost care and professionalism.

Economic rationale and entrepreneurship
Parallel trade introduces a unique form of competition within the pharmaceutical industry, which is beneficial for the European economy, healthcare systems, and patients. By identifying price differentials across the EU, parallel importers like us help to make medicines more affordable and accessible in Ireland. We are committed to innovation, ensuring that we bring value to patients and contribute positively to Ireland’s healthcare landscape.

Why it matters for Ireland
This approach not only supports a competitive pharmaceutical market but also aligns with the Irish commitment to ensuring that healthcare is accessible and affordable for all. By embracing parallel trade, we’re able to offer a wider range of medicines at lower prices, directly benefiting Irish patients and the healthcare system.
Parallel trade is about smart, ethical entrepreneurship that puts the health and well-being of the Irish community first. It’s a testament to our dedication to offering affordable healthcare solutions without compromising on quality or safety.
