Overpriced Drugs

Healthbeat 1999 No. 1.jpgHealthbeat 1999 No. 1.jpg

The high price of drugs in the country, also reportedly to be the highest in Asia prompted President Joseph Ejercito Estrada to order the Department of Health to explore options in bringing down the cost of medicines in the land. The President also held the DOH to negotiate with foreign pharmaceutical firms and attract them to put up plants in the country.

For its part, the DOH disclosed that meetings with these drug producing countries for possible tie-ups with government or private companies are now under plan. Earlier, in an effort to curb the high cost of drugs, Secretary Alberto G. Romualdez, Jr. gave multinational pharmaceutical companies a choice between producing and making available to public an equal amount of unbranded generic drugs or reducing the prices of their branded medicines by 50 percent.