A group of pharmaceutical companies wants the government to temporarily set aside a price ceiling that had cut the retail prices of certain drugs, citing the impact the pandemic made on production costs. | roycanivel_inq
Malacañang approved the MRP in February this year under Executive Order No. 104, which covered 133 drug formulations.
In a statement last June 2, the Department of Health said that the EO mandated the 50-percent reduction in the prices of medicines for top burden diseases such as hypertension, diabetes, breast, colorectal and lung cancers. PHAP, however, said in a statement on Friday that the government and the industry could explore other options instead such as price negotiations “so as not to further aggravate the setbacks that many companies like ours have endured these past months.”
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