news agency

Government of Argentina and main laboratories agree to stabilize prices of medicines until January

The Peronist government of Argentina and the country’s main laboratories agreed to roll back drug prices to the values ​​in effect on November 1 and keep them stable until January 2022, in an attempt to slow down the constant rise in prices.

Juan Jose Marconi, head of the Business Chamber of Pharmaceutical Laboratories, told the press on Tuesday that the agreement reached the day before between the Ministry of Internal Trade and the companies associated with the three chambers of the sector “will have a follow-up on a workbench“Composed of officials”to see if anomalous situations arise and to find better alternatives”That do not harm consumers.

The terms of the agreement refer to prescription drugs and not over-the-counter drugs. Meanwhile, each laboratory associated with the chambers will exercise the power to individually adhere to this initiative.

When asked whether the agreement involves a price freeze, Marconi He limited that the “intention“Is that they do not vary if the economic variables of the country”are not modified”.

Most of the laboratories had applied the latest increases in September and October.

Medicines are among the products that suffered the most increases in Argentina, by skyrocketing 65.9% between September 2020 and October of this year, according to a report by the Center for Political Economy Argentina.

This market has a high level of concentration with few product suppliers.

In its attempt to combat inflation, the president’s government Alberto Fernandez It recently decided to roll back to October 1 and freeze the prices of just over 1,400 consumer products until January 7.

The government applied in October the measure that supposes “the temporary fixing of maximum prices for sale to the consumer”Despite not having the support of a part of the business sector.

Inflation in September was 3.5% compared to the previous month, while the interannual was 52.5%. Meanwhile, in the first nine months of 2021 the accumulated price increase reached 37%.

.

You may also like

Hot News

TRENDING NEWS

Subscribe

follow us