Dubai: The Cabinet on Sunday approved a new system which will ensure that 6,619 types of medicines get cheaper.
It unifies and discounts the prices of medication that are bought in US dollars and imported into the private sector. The discounts will vary from 1 per cent to as much as 40 per cent.
The system alters the profit margin between pharmacies and agents. It works on curbing the phenomenon of rising prices of medicine resulting from foreign currency fluctuations.
It also has provisions to encourage investments in the UAE’s pharmacology sector.
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