PRESIDENT Rodrigo Duterte has signed an executive order that would regulate the prices of drugs and medicines used to address the leading causes of morbidity in the country, Malacañang announced on Wednesday.Acting Palace spokesman Karlo Alexei Nograles said the President signed EO 155 on Tuesday, Dec. 7, 2021.
The issuance states that price regulation via Maximum Retail Price and/or Maximum Wholesale Price will be imposed on 34 drug molecules and 71 drug formulas used in agents affecting bone metabolism, analgesics, anesthetics, anti-angina, antiarrhythmics, anti-asthma and chronic obstructive pulmonary disease medicines, antibiotics, anticoagulants, anticonvulsants, antidiabetic drugs, antidiuretics, and antiemetics.
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