More Medicine Price Cuts Unveiled

BMI is maintaining its forecast for the Philippines pharmaceutical market despite another round of medicine price cuts. The Department of Health expects the lower prices of 97 preparations to result in private sector savings of PHP1bn (US$21.7mn). This reduced spending accounts for only 0.87% of the PHP119bn (US$2.50bn) pharmaceutical market and will therefore have no significant effect on our 5-year and 10-year sales projections.

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