Multinational Pharmaceutical companies in the Philippines have started to cut a few sales personel. Pfizer Philippines and Astra Zeneca, two of the biggest Pharmaceutical's in the country ahve offered some of their employees early retirement packages to cut the company's losses due to the strong generic competition.
With the MDRP being passed into law a few years ago, Multinational drug makers have started to feel losses.
These companies have researched and spent billions of dollars trying to create new drugs to prevent diseases. With the MDRP in effect, these companies won't have exclusive distribution of new drugs since competitors can easilly copy the new drug and market it as their own without fear of being sued.
The MDRP could have been a beautiful law that could help those who can't afford sky-rocketing drug prices. Unfortuantely, the Government forgot that before people buy drugs for their disease, they'd have to let a physician take a look at their condition. Unfortuantely, physician's fees are also expensive and people from far flung areas don't have access to medical professionals.
I really hope that someone would ratify the law. It should include how people have better access to quality doctor's not only quality of medicines.
To my former counterparts and friends in the field who have lost their job, stay strong!
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