The Philippine Pharmaceutical and Healthcare Association (PHAP) on Tuesday cautioned that pharmaceutical companies will reduce their labor force as a result of potential loss of competitiveness due to the high retail price recently levied on certain medicines. PHAP’s opposition to price control has been consistent since global experience showed that artificial measures lead to market inefficiencies and lack of supply …

President Rodrigo Duterte has signed an executive order imposing a maximum retail price for certain products, a top official from Malacañang said Monday. Executive Secretary Salvador Medialdea said Duterte had signed EO 104, which aims to improve access to affordable medicines for the Filipinos. A copy of the EO has yet to be released by The Palace. Later the Department …