‘Govt is losing billions to firm’s overpriced drugs’

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Former ABAKADA party-list representative Jonathan Dela Cruz said the government has been overcharged billions of pesos by a single pharmaceutical company in the procurement of pneumococcal vaccines (PCVs). Read it here:

Dela Cruz, who is also a national consultant for the United Filipino Consumers and Commuters , added that because of this, UFCC has filed a complaint before the Philippine Competition Commission to investigate the alleged anti- competition practice.

As an example, he pointed out that U.S. biopharmaceutical company Pfizer did not have credible competition for the PCVs, but started to offer P816 per single dose to capture the market.Then, to increase their chances of winning the recent bids, “kung saan mayroong nagbabantang bagong kompetisyon, binaba nila ang presyo hanggang makaabot ng P345 per dose. So, ninanakawan mo na ang gobyerno, niyari mo pa mga kabataan na dapat nabigyan ng mga bakuna. ,” Dela Cruz said.

Since 2014, the Philippines, through its childhood immunization program, has been using the more expensive PCV13 from Pfizer, despite WHO studies that showed that PCV10 is “non-inferior” or at parity with the PCV13 vaccines.

 

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