Connect with us


Govt Urged to End Pharmaniaga’s Monopoly in Public Healthcare to Reduce Prices of Meds



Govt Urged To End Pharmaniaga's Monopoly On Medical Products For Cheaper Medicines - World Of Buzz
Source: Blogspot / Pharmacy

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

An organisation known as Galen Centre for Health and Social Policy has urged the new federal government to reconsider Pharmaniaga’s role as the middleman in the public healthcare system, reported FMT.

In essence, Pharmaniaga is a government-linked company (GLC) which has been monopolising the supply of biopharmaceutical products to our government hospitals and clinics for the past nine years.

Img 20160111 Wa0011

Source: blogspot

Now that the 10-year concession agreement with the Ministry of Health will end next year (2019), the organisation has reckoned that the government should deal directly with the supplier without having to go through the middleman.

In an interview with FMT, Galen CEO Azrul Mohd Khalib said,

“Pharmaniaga is the sole concession holder to purchase, store, supply and distribute both branded and generic approved drugs and medical products to 148 government hospitals and 2,871 clinics and district health offices nationwide.

“With 100% market share of the government concession, more than RM1 billion goes to Pharmaniaga annually.”

He added that Pharmaniaga would source for required medicines and sell them to MOH at a marked-up price to cover the costs of distribution, inventory holding and procurement. “It is time that the ministry deals directly with pharmaceutical companies rather than depend on a middleman,” the CEO said, adding that it is unusual for a country to rely on a single company for medical supplies.

With the monopoly gone, competition in the drug procurement process will inevitably bring down prices of medicines and save the government millions of ringgit, which in turn would benefit the rakyat.

Pills In Hand

Source: choice

Having said that, we should also recognise the contribution of Pharmaniaga as they not only supply medicine, but also provide pharmacy information system for MOH and ensure pharmaceuticals are available across the country, Malaysian Pharmaceutical Society’s president said.

What’s your thoughts on this guys? Should the monopoly be terminated? Tell us what you think in the comments! 


Also read: Bernas Will No Longer Monopolise Rice Import, Agro Minister Says

Bernas Will Lose Monopoly On Rice Agro Minister Says World Of Buzz 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Zahid And Gang Tested Positive For Covid 19 Zahid And Gang Tested Positive For Covid 19
News8 hours ago

Just In: Zahid Hamidi, Annuar Musa & Nik Abduh Tested Positive For Covid-19

A total of 35 individuals among MPs and their officials have tested positive for Covid-19. This sudden development is a...

3 Icitra 2024 3 Icitra 2024
News16 hours ago

EPF Expedites i-Citra, Members To Receive First Payment Starting 2 August 2021

The Employees Provident Fund (EPF) has recently announced that i-Citra payments will be expedited. Eligible members that have had their...

Pfizer Vaccine Better With Delayed Doses Pfizer Vaccine Better With Delayed Doses
News18 hours ago

Study: Longer Intervals Between Pfizer’s Covid-19 Vaccine Doses Boosts Overall Antibody Levels

A recent study conducted at the University of Oxford in the United Kingdom has discovered that a longer gap between...

Nasiganj Nasiganj
News1 day ago

Private Helicopter Lands Illegally At Padang Ipoh To Tapao Nasi Ganja Back To KL

Now that’s what we call ‘high’ cuisine! A helicopter landed at Padang Ipoh in the capital city of Perak to...

Pjimage 29 Pjimage 29
News1 day ago

“The truth is all I want” Syed Saddiq Tells All & Responds To Allegations Made In Court

Yesterday (22 July) was a whirlwind of events for Former Youth and Sports Minister, Syed Saddiq following the court charges...

For Illustration Purpose Only 4 For Illustration Purpose Only 4
News1 day ago

“What’s the rationale?” Former Education Minister Shares How Schools Should Be Reopened

With the Covid-19 cases climbing higher each day, many parents are doubting the safety of sending their children back to...

9180 Cases 1 9180 Cases 1
News2 days ago

15,573 Cases! Malaysia’s Covid-19 Infections Climb To Another All-Time High

Malaysia breaks records again with an all-time high of 15,573 new Covid-19 cases as of 23 July. Selangor continues to...

For Illustration Purpose Only 5 For Illustration Purpose Only 5
News2 days ago

China Will Develop Booster Shots For “Less Effective” Sinovac & Sinopharm Vaccines

Will this affect those who have taken the Sinovac vaccine in Malaysia?  After much speculation concerning lower antibody levels relating...


Latest Videos