Indonesia To Monitor Prescription Drugs, Unveils New Health Insurance Scheme

April 2006 | Company Finance Alert

The United States Trade Representative (USTR) claims that counterfeit drugs account for approximately 30-40% of Indonesia's market and that there are serious concerns over fake pharmaceuticals entering Indonesia from other countries. The most commonly pirated drug is US drugmaker Pfizer's anti-impotence drug Viagra. The government has undertaken a print campaign in the media to warn over the threat of counterfeits, but progress is likely to be slow as large sections of the population remain reliant on low-cost drugs.

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