Govt may no longer have to import Norvasc

 

Business Mirror - Nov. 23, 2006

By Jennifer A. Ng
Reporter

STATE-run Philippine International Trading Corp. (PITC) on Wednesday said it may no longer have to import the antihypertension drug Norvasc by Pfizer with the expected availability of a locally produced medicine with the same efficacy.
           
PITC, an attached agency of the Trade department tasked to facilitate the government’s importation needs, disclosed that Therapharma, a unit of the home-grown United Laboratories Inc.’s, has produced the antihypertension drug Amvasc.
           
Roberto Pagdanganan, PITC president, admitted that with the availability of the local hypertension drug, the Philippines may no longer have to import Norvasc, which has been the cause of a lawsuit between PITC and Pfizer.
           
US-based Pfizer owns the patent to Norvasc which will expire in June next year. The PITC, however, imported some 40 tablets of the medicine from Pakistan, prompting the company to file charges against the PITC for alleged patent infringement.
           
PITC, however, maintained that the importation of the tablets was solely for analyzing whether the ingredients of the medicine made by US-based Pfizer and the ones being sold by its unit Parke-Davis in Pakistan are the same.
           
“Norvasc sells at only P10 per 5-milligram tablet in Pakistan, but the one sold here retails at P44.75, so we wanted to find out if they have the same ingredients [even as] the imported ones are much cheaper,” said Pagdanganan.

 

summary of archives
 
 
PHILIPPINE INTERNATIONAL TRADING CORPORATION
National Development Company Bldg.,
116 Tordesillas Street, Salcedo Village, 1227 Makati City
Trunk Line (632) 818 98 01 Fax Nos.: (632) 892 20 54 892 07 82
E-mail Address: pitc@pitc.gov.ph
 
Vision Statement
PITC is a dynamic and self-sustaining government corporation engaged in trading and marketing activities aimed at uplifting the quality of life of the Filipino people and promoting equitable
national progress
 
Mission Statement
As the lead government trading and marketing institution, PITC shall:
1
Make quality essential medicines available, accessible and affordable to the greater masses of our people;
2
Promote countertrade and exports thus creating job opportunities and improving the country's balance of payment;
3
Be the most efficient and cost-effective procurement institution for government entities;
4
Help stabilize prices and ensure supply of basic goods and services; and
5
Develop core competency and progressive career path for its employees.