BY SADIQ A. SALAM

31 October 2005

The Gulf Pharmaceutical Industries (Julphar), the major medicines manufacturer in the country, reiterated yesterday its commitment to the pricing system that has been enforced by the Ministry of Health (MoH).

The RAK-based industry ensured the public that it would put into effect all the policies of the MoH that have been aimed at reducing medicines prices.

Many people, expatriate as well as locals, have voiced serious concerns that the local medicines industries and supplier are defying the ministry's policy that was aimed at reducing medications prices in the country.

The MoH had earlier issued a decision stipulating that the profit margin on medicines should be reduced from 70 to 55 per cent.

►Back      ►Print