Roxas Accepts Price Controls in Cheaper Medicines Bill (Phillipines)
This article was originally published in PharmAsia News
Executive Summary
A large obstacle has been removed clearing the path for legislation designed to allow greater access to affordable medications in the Philippines. Previously, Senator Manual Roxas II had been one of the biggest opponents to a provision in the Philippines House version of the bill that would set up market controls to reduce drug prices. Mr. Roxas' now says that price controls could provide needed insurance if market competition from generics and imports is not sufficient to lower drug prices. Roxas' concession could prove a major leg up for the bill if it passes its readings in the House and the Senate and goes to a bicameral conference. (Click here for more - May Require Free Registration