Drug Price Adjustments in El Salvador

Authorities announced that all regulated sales of drugs will likely experience a progressive reduction in prices, which by law must adjust to international averages.

Tuesday, January 8, 2013

The review article in Diariocolatino.com Coto statements José Vicente, director of Medicines, on the effective date of the regulation of drug prices.

According to the article, Coto said "except over the counter medications, all drugs are susceptible to progressive reduction in prices in the coming months, as they must adjust to international averages."

On December 29 the regulation of the Medicines Act became effective, marking a new phase in the implementation of the legislation regulating the prices of medicines in the country, which according to studies "are the most expensive in the Central America. "

More on this topic

Medications: Regulations Contradict Law

March 2013

Pharmaceutical unions in El Salvador have denounced the regulations determining maximum pricing as being contradictory to the Medicines Act

Elsalvador.com reports that the legal counsel for Fedefarma y Diprofa, Luis Chávez, explained that the pricing for drugs is based on the active ingredient and not on each product: "This is the same as me asking for a point of law establishing a price ceiling on mobile phones.

Costa Rica: Proposal to Regulate Drug Market

February 2013

A bill proposes creating a Regulatory Office to control the prices of the most widely used medicines.

The legislator behind the bill argues that there is a de facto monopoly in the drug market, which must be removed for prices to go down, which in his opinion are kept artificially high.

Salvadoran Pharmaceutical Industry Investment Stalled

June 2012

Lack of legislation encouraging growth of the industry is holding up about $50 million in potential investments.

Mario Ancalmo, president of the Association of Pharmaceutical Chemical Industry in El Salvador (Inquifar) noted that at the moment there are only investments in small works to improve existing facilities, but no company is backing large investments in infrastructure, and this is a result of uncertainty in the sector generated by the recent approval of the Medicines Act.

Medicines Act Enacted in El Salvador

March 2012

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.

Mauricio Funes, El Salvador’s president, has passed the Medicines Act, which seeks to regulate the prices charged by distributors, reported Diario de Centroamerica on their website.

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