GCC drug prices to be unified by October

August 6, 2014 3:43 am

Prices of some medicines will be unified by the GCC countries by October this year, according to a senior official of Kuwait’s health ministry. The idea is to bring prices of medicines down in those GCC countries where they are quite expensive, Zawya has reported. The unification of prices of some 2,500 medicines imported by GCC states is being implemented in phases, says Dr Umer Al Syed, the assistant undersecretary of the Kuwaiti ministry . Umer pointed out that a GCC-wide committee set up to formulate and unify pricing policy for medicines had drawn up a list of 2,500 medicines whose prices are to be unified. He said as far as his country was concerned, it imported medicines from Europe, the US, Japan, India and Egypt.