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Philippines President Orders Prices Of Five ‘Essential Drugs' Cut In Half

This article was originally published in PharmAsia News

Executive Summary

The Philippines president ordered a cap on the prices of five types of drugs deemed essential, with the effect of cutting the prices in half as of Aug. 15. The action had been recommended after drug makers failed to lower the prices of the five drugs on their own while agreeing to cut them on another 16 on the government's list. The industry also volunteered to cut prices of some drugs not on the list and said the order by President Gloria Macapagal Arroyo was not the best way to get essential drugs to The Philippines' poor. (Click here for more

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