Philippines New Round Of Voluntary Price Cuts Of 97 Drugs Takes Effect
This article was originally published in PharmAsia News
Executive Summary
The Philippines announced voluntary offers by several drug companies to cut the price levels on 97 drugs as part of the government's second Cheaper Medicines Act effort
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The Philippines announced voluntary offers by several drug companies to cut the price levels on 97 drugs as part of the government's second Cheaper Medicines Act effort. The Government Mediated Access Price includes five dialysis devices not on an original list, with the new ones set to cost 30 percent less. The new prices became effective March 31, covering several categories of drugs, including those intended for cholesterol, cancer, asthma eye problems and pain relievers. The Pharmaceutical and Healthcare Association of the Philippines has requested a review of the impact of the cuts on improving access by the poor. (Click here for more) "New Drug Price Cut Takes Effect" - Business World (Philippines) (3/31/10) |