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Philippines Cheaper Medicines Act Signed Into Law

This article was originally published in PharmAsia News

Executive Summary

The president of the Philippines signed into law the Universally Accessible, Cheaper and Quality Medicine Act of 2008, allowing branded drugs to be imported if they are less costly than available drugs. The act also changes the nation's Intellectual Property Code to allow generics makers to produce their versions of patented drugs so they can enter the market as soon as brand-name patents expire. Implementing rules and regulations are not expected to be in place for at least another four months. (Click here for more
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