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Fri 24 Oct 2008 09:41 AM

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Health chiefs hold talks to reduce medicine prices

Ministry in talks with pharmaceutical firms over proposed 5-10% cut.

Ministry of Health (MOH) officials in the UAE have held talks with international pharmaceutical producers in a bid to lower the price of medicines.

Over the past weeks, the ministry held a series of meetings with producers to make safe medicines available in UAE at affordable prices, said Dr Amin Al Amiri, the executive director of Medical Practice and Licensing at the MOH.

Al Amiri added that several pharmaceutical companies have expressed their desire to set up branches in the UAE, news agency WAM reported.

The Ministry of Health is expected to receive new price lists by the end of this year, and from next year prices of medicines will be reduced by 5 to 10 percent, said Al Amiri.

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