Wednesday, 23 December 2009

Ecuadorian government creates public pharmaceutical and drug company

By an executive Decree (No 181), the Ecuadorian President, Rafael Correa, ordered the creation of a public drug company called ENFARMA PA. The purpose of this company includes research and development of active ingredients for the manufacture of drugs for human use, veterinary and agronomic. Besides, it will produce medicines already patented – relating to the recently announcement of compulsory licenses. The company also will be involved with the marketing, import, export, packaging, labelling, and distribution of drugs.

It looks like the government is trying to monopolize the drug industry.

Ecuadorian Decrees can be accessed here. See executive decree 181.

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