Guatemala rejects pharmaceutical industry's plea for price increases

The Guatemalan government refused to give in to demands from the pharmaceutical industry for a new contract between the two sides that would include higher prices. Both parties opted instead to continue the present agreement until next year.

Tuesday, May 20, 2008

In February agreement was reached on a 6 percent price increase through August, but the industry wants to raise it to 15 percent.
Luis Gabriel López, the deputy health minister, said: "The economic situation is bad enough as it is without adding to people's financial burden."

More on this topic

High Price of Medicines in Costa Rica

December 2012

A study by the Universidad de Costa Rica notes that one company controls the distribution of 80% of drugs sold, with price differences of up to 1,000%.

An article in Nacion.com reports that there is "little or no competition in the private sector of medicine, product of an industry that is "highly concentrated", causing Costa Rica to have higher drug prices compared to other Central American countries."

Drug Prices Regulation Project Questioned

November 2012

Although the bill that regulates the drug prices in Costa Rica, is based on good 'intentions', imposing maximum prices and profits for the pharmaceutical industry is not right.

So said Deputy Economy Minister Marvin Rodriguez, regarding bill 17. 738, on drug price regulation, which imposes limits on drug prices.

Regulation Causes Rise in Drug Prices

November 2011

The Superintendency of Competition of El Salvador (SC) has confirmed the existence of barriers of entry and regulatory issues that are raising drug prices.

During Competitiveness Week 2011, the SC held a public event at which the Board's position regarding competition in the drug sector was announced.

Independent Pharmacies in Costa Rica

October 2011

Many pharmacies are trying to penetrate deeper into the market with low pricing policies so as to enable rapid expansion of their sales.

Among such are Pharmacy La Bomba, pharmacies Santa Lucia, Dr. Ahorro, Asís y Residencial del Norte.

Supply of medicines at such low prices is the result of the large sales volumes they can handle, said representatives of some of these establishments.

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