Medicine costs continue to rise

June 17, 2009

LookAtVietnam – Many kinds of foreign and domestic medicines have moved up since the beginning of the year, with June particularly large increases.

Medicine prices have continued to increase this month.

LookAtVietnam – Many kinds of foreign and domestic medicines have moved up since the beginning of the year, with June particularly large increases.

Continuing the price race this month was a rise of ten imported medicines by Zuelling Pharma Vietnam.

Solvay Pharma followed suit, raising prices by eight to nine percent for a series of medicines, including Hidrasec Enfant 300mg, Brexin 20mg, Fatig 10ml, Herbesser and Adona Disgren.

The Singaporean company Abbot Lab also increased the price of eight medicines, including Klacid MR, Klacid 60ml, Klacid 500mg, Sevoran, Forane 250ml, Forane 10ml, Dermal E and Dermal Day.

Fournier Group Vietnam raised the price of some antibiotics and cardiovascular medicines. Klacid MR 60ml – 50ml went up by ten percent, Brexin, Fatig and Herbesser 60 – 30ml by eight percent and Disgren by nine percent.

Sai Gon Giai Phong noted on June 16 that the price of over 20 eyewashes by Alcon had risen by some eight percent.

Other items like Salonpas, produced by Hisamishu, have seen their prices increased twice within three months. In April it rose to VND160,000 a bottle, up from VND104,000, and in June it went up to VND172,000 a bottle.

Foreign medicines rose in price, in part due to foreign currency increases.

The domestic medicine price relies on this to match the price rocketing.

Last weekend, BV Pharma and 1/9 Pharmaceutical announced that the price of some types of medicines would go up.

Specifically, BV Pharma raised the price of weight loss medicine by five percent and 2/9 Company also increased the price of vitamin A, vitamin B6, Cloramphenicol 250mg, Promethazin and Salbumol by ten to 25 percent.

The HCMC Department of Health said that companies had explained the medicine price increases were due to the rocketing price of imported materials.

Some pharmacies said that companies raised the prices of items allowed by the health department, but for items that the department did not approve price increase, companies simply cut promotions.

For example, with every ten bottles of eye wash, buyers would receive another item free. Now companies do not offer such promotions.

The increasing costs have both worried pharmacies and customers, especially the poor.

VietNamNet/SGGP 

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