Pharmaceutical prices rise by 40-60% in Sri Lanka ProIQRA News

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Colombo: Putting a further strain on the island nation’s faltering economy, the country’s health minister, Channa Jyasomna, issued a special gazette order on Thursday, which dramatically increased the prices of medicines, and still raised the prices of 60 medicines. I increased it to 40%. 60%, local media reported.

This decision will affect the most widely used drugs as their prices are expected to rise. In addition, the Minister of Health has directed all medical professionals to adhere to the gazette notification, to maintain the price, as reported. Colombo page.

“Every trader, distributor, pharmacist, medical practitioner, dentist, veterinary surgeon, medical institution including a private medical institution, pharmacy or the person who has or possesses prescription drugs for the purpose of sale, prescription drugs Will be maintained at the maximum retail price or revised retail price whichever is lower, “said a gazette notification issued by Jayasomna.

Currently, Sri Lanka is facing one of the worst economic crises since gaining independence in 1948. It is suffering from food and electricity shortages, which are affecting many people, and is forcing the country to seek help from its neighbors.

The reason for the recession is the lack of foreign exchange due to the ban on tourism during the COVID-19 epidemic. It has left the country unable to afford enough fuel, with people facing severe shortages of food and basic necessities, thermal fuel and gas.

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