The Mayora Who Built A Barangay Before She Had A Blueprint

Frances Cabatuando transformed a simple need for home inspiration into Home Buddies, an online community where millions of Filipinos now share practical advice.

Oman–Philippines 3: Strategic Majlis Opens In Manila To Build On Decades Of Migration Ties Through Trade And Investment

Oman and the Philippines are building on people-to-people connections to strengthen cooperation in investment, commerce, and shared growth.

A Winning Journey: From HONOR 600 To Mercedes-Benz EQA

HONOR Philippines turns a promo journey into a winning moment as one fan drives home a brand-new Mercedes-Benz EQA.

Oman To Join Philippine-Hosted Ministerial Meeting Marking 50 Years Of The Treaty Of Amity And Cooperation In Southeast Asia

The Philippine-hosted gathering offers Oman a chance to strengthen political and economic partnerships with Southeast Asian partners.

Economic Czar Urges NGAs To Ease Processes For Pharma Investors

Secretary Frederick Go urges national government agencies to resolve issues in the pharmaceutical industry and strengthen healthcare manufacturing.

Economic Czar Urges NGAs To Ease Processes For Pharma Investors

813
813

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go urged concerned national government agencies (NGAs) to address the “pain points” of pharmaceutical industry players and strengthen the country’s manufacturing of healthcare products.

In his speech delivered by Undersecretary Jose Edwinel Guilas, during a joint briefing of the Anti-Red Tape Authority, Department of Health, Philippine Economic Zone Authority and Food and Drug Administration (FDA) in Quezon City on Monday, Go urged the agencies to ease the processes for pharma players.

President Ferdinand R. Marcos Jr.’s economic czar mentioned that the so-called pain points for medical drug and device manufacturers are the bureaucratic nature of existing policies of regulatory agencies; difficulty in exporting and importing medicine; and the difficulty of international pharma companies in investing in the Philippines.

“Can we not consider the certificates of other countries with higher certifying standards as compliance with ours?” Go said, adding that it will also address FDA’s lack of manpower and equipment.

For import and export processes, Go said an administrative order is underway to resolve the challenge.

To ease doing business for investors, the government is eyeing an exclusive ecozone for pharma manufacturing.

“Our office, together with the Philippine Economic Zone Authority, and FDA has called a technical working group to make it easier for pharmaceutical companies to set up their operations in economic zones,” Go added. (PNA)