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Pharmally Pharmaceutical Corporation, simply known as Pharmally, is a supplier of medical equipment including face masks and face shields. According to the Securities Exchange Commission (SEC), the company was established on September 4, 2019. [3] It had a paid-up capital of ₱625 thousand paid-up capital. [4]
Pharmally Pharmaceutical Company was established September 2019 with only a paid-up capital of P625,000. [ 18 ] During the Philippine Senate hearing on the Pharmally scandal heading by Sen. Richard Gordon in September 2021, Yang was disclosed as the facilitator between Pharmally executives and President Duterte.
Pharmally scandal – involving Health Secretary Francisco Duque III and several other officials including Michael Yang, Lloyd Christopher Lao, Linconn Ong and Krizle Grace Mago for the alleged overpriced purchase of face masks, face shields and other medical equipment to the government in August 2021. [35] 2022 Executive: Department of Agriculture
Pharmally Pharmaceutical Corporation officials Mohit Dargani and Linconn Ong, held since 2021 in connection with the company's controversy, are released from the Pasay City Jail after six months in detention. [74]
In August 2021, Senator Hontiveros, alongside Senator Dick Gordon, spearheaded a Senate investigation into the Pharmally scandal. The inquiry exposed anomalies in multi-billion peso contracts awarded to Pharmally Pharmaceutical Corporation for pandemic supplies, allegedly backed by President Rodrigo Duterte and his Chinese adviser Michael Yang ...
The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa.
This listing is limited to those independent companies and subsidiaries notable enough to have their own articles in Wikipedia. Both going concerns and defunct firms are included, as well as firms that were part of the pharmaceutical industry at some time in their existence, provided they were engaged in the production of human (as opposed to veterinary) therapeutics.
Critics highlighted that Duterte's administration purchased pandemic supplies from Pharmally Pharmaceutical, a company linked to Duterte's former economic adviser, Michael Yang. Duterte rejected the corruption allegations and emphasized that the supplies at the time of purchase were in high demand, hence, the high prices. [321]