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Medication costs can be the selling price from the manufacturer, that price together with shipping, the wholesale price, the retail price, and the dispensed price. [3]The dispensed price or prescription cost is defined as a cost which the patient has to pay to get medicines or treatments which are written as directions on prescription by a prescribers. [4]
Rank Drug Trade name Type Main indications Company Sales (USD millions/year) ∆ vs 2014 1 Adalimumab: Humira Biologic Rheumatoid arthritis: AbbVie Inc. 14,012 1,469
It was established in 1937 as a small business venture engaged in the retail of Chinese herbal medicines, located in Naga, Camarines Sur, and is the oldest operating drugstore in the Philippines. [2] Southstar Drug was formerly known as Southern Drug (1937–1950) and New South Star Drug (1950–1990s).
The chain was founded in Santa Cruz, Manila in 1945, [1] making it the second oldest drugstore chain in the Philippines after Southstar Drug by eight years. As of 2017, Mercury Drug has over 1,000 branches nationwide [ 6 ] and over 50 percent of the Philippine pharmaceutical retail market.
Comparing data from 2014 between Philippines, United States of America, and Canada, Philippines only spent 4.7% of their GDP on health while USA and Canada spent 17.1% and 10.4%. [2] [3] [4] Efforts are being performed to bridge the gap. On February 20, 2019, the Universal Health Care (UHC) Bill was signed into law, aiming to provide proper ...
The Biosimilar Red Tape Elimination Act aims to increase the market share of biosimilars. It could drive costs higher.
As of September 2020, the Philippines has a population of nearly 110 million and a population density of 368 per square kilometer. 32% of the population of the Philippines is under 15 years old, and only 22.2% is over 60. In the Philippines, 16.6% of the population lived below the national poverty line in 2018. [8] [9]
Cathay Drug is recognized as one of the fastest-growing pharmaceutical companies in the Philippines. In 2012, it was included in the Top 20 Leading Philippine Pharmaceutical Companies based on Value in the Philippine Pharmaceutical Industry Audit [2] for ethical segment by IMS. It was also ranked second among national pharmaceutical companies ...