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Philippines Ensures Stable Medicine Prices Until 2026

4/10/2026

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Summary

Story summary

Health Secretary Teodoro Herbosa said there are no issues with medicine prices or inventory in the Philippines.
Pharmaceutical companies have pledged not to raise prices until June 2026.
Herbosa emphasized monitoring prices of ten medicines to prevent exploitation, under the Cheaper Medicines Act.
He noted local pharmaceutical production could create jobs and reduce costs, with bulk importing and repackaging lowering prices by 30-70%.

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Story summary

Health Secretary Teodoro Herbosa said there are no issues with medicine prices or inventory in the Philippines.
Pharmaceutical companies have pledged not to raise prices until June 2026.
Herbosa emphasized monitoring prices of ten medicines to prevent exploitation, under the Cheaper Medicines Act.
He noted local pharmaceutical production could create jobs and reduce costs, with bulk importing and repackaging lowering prices by 30-70%.