AVN 51.24 Increased By ▲ 2.18 (4.44%)
BAFL 28.67 Increased By ▲ 0.12 (0.42%)
BOP 3.62 Decreased By ▼ -0.01 (-0.28%)
CNERGY 3.27 No Change ▼ 0.00 (0%)
DFML 10.74 Decreased By ▼ -0.06 (-0.56%)
DGKC 52.60 Increased By ▲ 0.62 (1.19%)
EPCL 43.90 Increased By ▲ 0.30 (0.69%)
FCCL 12.41 Decreased By ▼ -0.01 (-0.08%)
FFL 6.20 Increased By ▲ 0.04 (0.65%)
FLYNG 5.99 No Change ▼ 0.00 (0%)
GGL 10.30 Increased By ▲ 0.04 (0.39%)
HUBC 68.66 Increased By ▲ 0.16 (0.23%)
HUMNL 5.84 No Change ▼ 0.00 (0%)
KAPCO 22.60 Decreased By ▼ -0.05 (-0.22%)
KEL 1.84 Increased By ▲ 0.01 (0.55%)
LOTCHEM 29.50 Increased By ▲ 0.60 (2.08%)
MLCF 28.70 No Change ▼ 0.00 (0%)
NETSOL 81.35 Increased By ▲ 4.45 (5.79%)
OGDC 79.90 Increased By ▲ 1.50 (1.91%)
PAEL 9.76 Increased By ▲ 0.09 (0.93%)
PIBTL 4.31 Increased By ▲ 0.10 (2.38%)
PPL 61.65 Increased By ▲ 1.16 (1.92%)
PRL 14.43 Decreased By ▼ -0.05 (-0.35%)
SILK 1.10 Increased By ▲ 0.04 (3.77%)
SNGP 42.98 Increased By ▲ 0.48 (1.13%)
TELE 7.22 Increased By ▲ 0.12 (1.69%)
TPLP 13.21 Increased By ▲ 0.44 (3.45%)
TRG 99.00 Increased By ▲ 2.87 (2.99%)
UNITY 15.40 Increased By ▲ 0.17 (1.12%)
WTL 1.19 Increased By ▲ 0.01 (0.85%)
BR100 4,190 Increased By 29.8 (0.72%)
BR30 14,589 Increased By 182.3 (1.27%)
KSE100 41,904 Increased By 217.8 (0.52%)
KSE30 14,804 Increased By 61.5 (0.42%)
Follow us

ISLAMABAD: The government has directed Ministry of National Health Services, Regulations and Coordination not to further liaise with Pakistan High Commission in Bangladesh as price of Remdesivir quoted by the latter is higher than in Pakistan.

On March 27, the Ministry of National Health Services, Regulations and Coordination informed the ECC that section 12 of the Drug Act, 1976 and section 7 of the Drug Regulatory Authority of Pakistan (DRAP) Act, 2012 empower the federal government to fix maximum retail prices (MRPs) of drugs to be sold in the market.

The MRP of Remdesivir 100 mg injection was fixed with the approval of federal cabinet from time to time, in pursuance of consultation with the Commercial Secretary, Pakistan High Commission, Dhaka and the last price was fixed by reducing it to Rs 1892 per vial.

Medicine makers call for price hike

Ministry of National Health Services, Regulations and Coordination further noted that on September 27, 2022, Deputy High Commissioner, Pakistan High Commission Dhaka, had stated that Beximo Pharmaceutical Bangladesh quoted the revised price of Remdesivir 100 mg injection at $ 10.5 CIF Karachi per vial.

The MRP of Remdesivir 100 mg injection in Bangladesh was Rs 2411 per vial which was higher than the existing MRP in Pakistan at Rs 1892 per vial.

The Policy Board in its 44th meeting held on December 8, 2022 considered the matter and made the following recommendations: (i) MRP of Remdesivir 100 mg injection shall remain fixed as per existing MRP at Rs 1892 per vial may not be increased; (ii) further liaison with Bangladesh High Commission may not be continued as the price intimated by the Pakistan High Commission in Bangladesh is now higher than MRP of Remdesivir in Pakistan; and (iii) Remdesivir 100 mg injection price will be monitored/dealt as per Drug Pricing Policy 2018 in future.

The decision of ECC will be ratified by the federal cabinet in its forthcoming meeting.

Copyright Business Recorder, 2023

Comments

1000 characters
Muhammed Mar 29, 2023 11:23am
We are in the pharma business for the last 75 years but have not been able to manufacture vaccines & basic pharma ingredients whereas BD is making & exporting both these things. What a progress!
thumb_up Recommended (0) reply Reply

Remdesivir 100mg price: Ministry directed not to further liaise with HC in BD

As budget announcement nears, here are some proposals that could affect you

How experts view the upcoming budget announcement

Federal cabinet meeting approves Budget 2023-24

Cyclone Biparjoy: Climate minister says conditions supporting system may intensify

Migrants in UAE, including Pakistanis, turn to crypto to send remittances home

Ali Muhammad Khan re-arrested in Mardan shortly after being discharged from vandalism case

Kremlin says US can’t tell Saudi Arabia what to do on oil policy

Britain sets price floor on oil and gas windfall tax

Trump faces federal charges in classified documents case, adding to legal woes

Chinese investors flock to Riyadh conference seeking new markets, capital