Financial Times FT.com

Philippines imposes price caps on drugs

By Roel Landingin in Manila

Published: July 28 2009 17:43 | Last updated: July 28 2009 17:43

The Philippines will impose price caps on more than two dozen drug products after an offer by manufacturers to cut prices voluntarily fell short of government expectations.

Gloria Macapagal Arroyo, the country’s president, has imposed maximum retail prices on medicines made from five compounds starting in mid-August, according to Robert So, the department of health’s manager for the drugs programme.

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