In Sectors

Manila mounts push to halve drug costs

The Philippine Government for the second time in six months is pushing drug companies operating in the country to voluntarily halve the prices on a series of life-saving medications in a move that the industry says could affect its ability to do business there.

Officials at the Philippines’ Department of Health are targeting as many as 20 drugs in their latest effort to cut the retail cost of drugs in the Philippines, which can cost two or three times more than in some other Asian countries.

 

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