160K Devotees Kick-Off Fiesta Señor With Dawn Procession, Mass

Isang makasaysayang umaga sa Cebu habang 160,000 deboto ang nakiisa sa "Walk with Jesus" para kay Señor Santo Niño.

Upgrade Of Antique’s Capital Town Fish Port In Full Swing

Isang makabuluhang pagsasaayos ng feeder port sa Antique, nagkakahalaga ito ng PHP290.7 milyon.

LGUs Urged To Prioritize 4Ps Graduates In Social Services

Kailangan ng LGUs sa Antique na ilagay sa unahan ang mga nagtapos ng 4Ps sa kanilang mga programa ng social services.

Antique Town’s New PHP5 Million Greenhouse Will Secure High-Value Crop Supply

Ang proyekto ng DA ay naglalayong masiguradong suwabi ang suplay ng mga high-value crops sa Antique.

Economic Czar Urges NGAs To Ease Processes For Pharma Investors

Secretary Frederick Go, bilang Special Assistant to the President for Investment and Economic Affairs, ay nagbigay-diin sa pangangailangang aksyunan ng mga pambansang ahensya ng gobyerno ang mga suliranin ng mga kumpanya sa industriya ng parmasyutiko at patibayin ang produksyon ng mga produktong pangkalusugan.
By PAGEONE Business Today

Economic Czar Urges NGAs To Ease Processes For Pharma Investors

1914
1914

How do you feel about this story?

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)