Medicines Law in El Salvador
After 10 years in the making, a law regulating the importation and distribution of drugs, cosmetics and other substances of therapeutic effect has finally been approved by the Legislative Assembly.
Thursday, February 23, 2012
The law aims to establish a legal framework for the import and distribution of drugs, cosmetics and other substances of therapeutic effect, both domestic and foreign. Among other things, it prohibits medicines and cosmetics from being sold in the street, and sets maximum prices based on drug costs in Central America, reported Laprensagrafica.com.
A National Directorate of Drugs has been created which will set prices using an international reference value and ensure that the cost of medicines is not above the Central American average.
Pharmaceutical industry representatives have expressed concerns about the regulation of the recently passed Medicines Act, noting that it will produce distortions in the functioning of the market.
Ancalmo Laboratories have launched two new generic medications on the market, with prices of around 30% to 40% less than the brand names.
The proposal aims to regulate the final price of medicines and create a body to that is superior to the Ministry of Health which would be responsible for verifying prices and the quality of medicines.
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