MANILA, Philippines — Health authorities are hoping the prices of more than 100 life-saving drugs will be cheaper by 50 percent next year. Health Secretary Francisco Duque III is optimistic that President Duterte will issue by yearend an executive order lowering the prices of 120 drugs for cancer and other conditions. The DOH said prices of selected medicines are expected to have a mean reduction of 56 percent from the prevailing market prices once the EO is signed. The proposed list covers 120 drugs for catastrophic conditions such as cancer, hypertension, diabetes, cardiovascular disease (CVD), chronic lung diseases and neonatal diseases. He said the government could not just rely on PHAP and its member-companies to cut down prices of medicine.

Source: Philippine Star November 13, 2019 16:55 UTC