Philippines Pharmaceuticals & Healthcare Q4 2019
The pharmaceutical industry in the Philippines opposes price controls since profitability will be reduced. Pharmaceuticalcompanies are also seeking taxation relief from the government. Over the longer term, with higher volume sales and greatercompetition in the market, these price controls could be positive for the market. Greater political certainty will facilitate introductionof the changes, but implementation will be hindered by a slowing economy.
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