Drug Makers Agree To Freeze Some Prices, Cut Others In Thailand
This article was originally published in PharmAsia News
Executive Summary
Drug makers operating in Thailand agreed to a six-month freeze of prices on some drugs and a 5 percent to15 percent reduction on other medicines. The head of Thailand's Internal Trade Department said both domestic and foreign drug makers would be submitting to him details on the price cuts they plan to make. Hospital operators are balking at heeding the same price-cut call by the country's commerce minister, who issued the request to all manufactures in response to reports of a high inflation rate in the country. (Click here for more