Salvadoran Pharmaceutical Industry Investment Stalled

Lack of legislation encouraging growth of the industry is holding up about $50 million in potential investments.

Monday, June 18, 2012

Mario Ancalmo, president of the Association of Pharmaceutical Chemical Industry in El Salvador (Inquifar) noted that at the moment there are only investments in small works to improve existing facilities, but no company is backing large investments in infrastructure, and this is a result of uncertainty in the sector generated by the recent approval of the Medicines Act.

"We are holding the necessary meetings in order to generate law reforms, which are essential for the institutions to work, especially when we find out that no budget has been assigned yet to the new entity that will regulate the issue of medicines", said Ancalmo to Elsalvador.com

The chemical pharmaceutical industry currently generates 35,000 direct and indirect jobs, and with good pay.

More on this topic

Medications: Regulations Contradict Law

March 2013

Pharmaceutical unions in El Salvador have denounced the regulations determining maximum pricing as being contradictory to the Medicines Act

Elsalvador.com reports that the legal counsel for Fedefarma y Diprofa, Luis Chávez, explained that the pricing for drugs is based on the active ingredient and not on each product: "This is the same as me asking for a point of law establishing a price ceiling on mobile phones.

Drug Price Adjustments in El Salvador

January 2013

Authorities announced that all regulated sales of drugs will likely experience a progressive reduction in prices, which by law must adjust to international averages.

The review article in Diariocolatino.com Coto statements José Vicente, director of Medicines, on the effective date of the regulation of drug prices.

The Pharmaceutical Market Shake Up in Costa Rica

May 2013

New distributors, more chain pharmacies and new alliances are examples of the dynamism in the sector.  

One example is the newly founded company KPO Alpha, dedicated to distribution, which has found an interesting market opportunity: independent pharmacies, a business where the partners Leonardo and Maria Acuna, together with their team cater to around 260 shops.

Guatemala: Free Competition in Medicines

January 2013

Two bills before the Guatemalan Congress are seeking free competition in medicines, including foreign manufacturers.

A bill submitted by the Lider party, also plans to exclude open contracts. "The goal of the new law would be free competition in medicines including non-national producers, facilitating imports in order to lower prices," said Edgar Ajcip from the Lider party.

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