Philippines Cheaper Medicines Act Sent To President
This article was originally published in PharmAsia News
Executive Summary
The Philippines House of Representatives passed unanimously and sent to the president for signing the Cheaper Medicines Act to control pharmaceutical prices. The bill seeks to do so by amending two laws governing intellectual property and pharmacy and establishing price regulation. The bill, expected to become law in the fall, was promoted in part by a survey showing that only Japan had higher prices in Asia than the Philippines. The measure is designed to deal with patent, parallel import and compulsory licensing issues. (Click here for more