UAE announces plan to reduce cost of 205 medicines

Health Minister says price reduction will include 14 drugs aimed to tackle diabetes
UAE announces plan to reduce cost of 205 medicines
(Photo for illustrative purposes only)
By Andy Sambidge
Wed 01 Jan 2014 11:09 AM

The UAE has announced a move to reduce the price of more than 200 medicines, including 14 for the treatment of diabetes.

Abdul Rahman Al Owais, the UAE's Minister of Health, said the price reduction decision came after a series of meetings between his ministry and a number of local and international drug companies.

He added that a comparison study of all the drugs prices has been made with both neighbouring countries and worldwide manufacturers.

The study showed the importance of balancing drugs prices with other countries, especially new innovative drugs that are manufactured and produced by international drugs companies, news agency WAM reported.

Dr Amin Hussein Al Amiri, assistant undersecretary for Medical Practices and Licensing, said: "Providing drugs at reasonable prices is one of the Ministry's priorities within its healthcare services.

"Through its strategic partnerships with local, regional and international drugs companies, the Ministry of Health has applied four initiatives to reduce drug prices since 2011," he added.

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