News

Our greatest glory is not in never falling, but in rising every time we fall. - Confucius -

  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

news

2018/10/17

Pharmaceutical industry withdraws 11 drugs from market

The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement yesterday said that despite persistent appeals, the Government has failed to address the issue of a fair and proper pricing mechanism for pharmaceutical products in light of the sharply depreciating Sri Lankan rupee against the US dollar. With over 85% of pharmaceutical products being imported, both the Ministry of Health and the National Medicines Regulatory Authority (NMRA) continue to prevent the industry from adjusting the pricing of products as per the prevailing exchange rate, the SLCPI noted. As such, the SLCPI said the pharmaceutical products listed in the table would no longer be available in the market as it was not commercially viable to import them.

DailyFt

Read Article

Copyright © 2015 LOLC Securities Limited. All Rights Reserved. Website Design, Development & Hosting by eBEYONDS.