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Roche Halts Deliveries Of Drugs To Some Greek Hospitals

Roche Holding halted delivering its drugs for cancer and other diseases to some state-funded hospitals in Greece, the Wall Street Journal reported citing Severin Schwan, chief executive officer saying.
Swiss drugmaker’s CEO said in a report that some hospitals “haven’t paid their bills in three or four years.” “There comes a point where the business is not sustainable anymore.”
The company is boosting its deliveries to pharmacies in Greece, which have paid their bills more reliably, CEO said in an interview. Schwan told WSJ that patients were not being deprived of medication.
The company said that some state-funded hospitals in Portugal and Italy are also late on their payments and may need to take similar action in Spain, the report added.

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