PH in talks with Indian firms on cheaper medicines


Posted at Jan 25 2018 05:34 PM

MANILA - The Philippines is in talks with Indian pharmaceutical companies to produce affordable medicine, the country's trade chief said Thursday. 

Philippine officials met with leaders of the Indian pharmaceutical export council to discuss how to increase pharmaceuticals' trade and investment between the two nations, Trade and Industry Secretary Ramon Lopez said.

Lopez is part of President Rodrigo Duterte's official delegation to India. The President is in the South Asian nation this week for a regional leaders' summit.

"We wanted them to focus on key medicines that would be needed especially by the poor," Lopez said.

These include anti-hypertensive, anti-cholesterol and anti-cancer drugs.

While the Philippines is already importing medicine from India, Manila also wants Indian pharmaceuticals to venture into manufacturing in the Philippines, he said.