, an expenditure guide for individuals and families living in the Klang Valley. It has generated some debate amongst the Malaysian public, with most doubtful of the fact that it is possible for a single youth to rent a room for only RM300 in the area.
Unlike ordinary commodities, such as soft drinks where consumers are spoilt for choices and could always opt out from purchasing such products, the purchase of medicine is entirely different. Under normal circumstances, patients are left with no choice but to seek treatment, particularly if their illness demands immediate attention.
Originator drug manufacturers normally consider the cost of drug production – including investment in R&D – and operating costs , stakeholders’ interests, as well as consumers’ purchasing power and their willingness to buy the drug in a particular country, before they set the final price tag for their product.
Malaysia has a pharmaceutical manufacturing sector which produces almost entirely generic drugs, with sales revenue amounting to only a quarter of the total revenue of the pharmaceutical industry in 2014-2015. Some 61 percent of drugs are imported, and amongst those, 87 percent of revenues were in the hands of local proxy companies for the big multinational pharmaceutical manufacturing companies.
People hv no choices due too iron claws governance
Because the middlemen like Primabumi and Pharmaniaga made hundreds of millions!
Too long period & renewal of Exclusive Patent protection issue in Malaysia
aisha_adam
Corporate make money
Supply and demand
If we want cheaper medicine, just consume healthy food, that will be the cheapest medicine. Dont let medicine bully or put fear in our lives
Simple ? Corruption !!! Cronies !!! Monopoly !!! Go on the website those medicine price !!! are cheap !!! So the government have lied and cheated the public ?