Monday, June 24, 2024

Pharmaceutical cos jack up medicine prices

Drug Admin seems tongue-tied
Patients suffering from serious diseases are in a quandary as medicines are becoming costlier in the country as government authorities have no control over the pricing of many lifesaving drugs, according to firsthand findings. People of middle-and lower-income groups are the worst victims of such price spirals as they have to pay huge amounts of money for buying medicines.
Talking to medicine retailers and consumers in the capital and elsewhere this correspondent found that the prices of most of the medicines used for treatment of various serious diseases, including cardiac problems, gastric, diabetics, blood pressure and pain, have increased sharply over the last six months.
The retailers said that the medicine market is not stable at this moment and that customers are getting confused while buying medicines as they fail to understand the reasons behind the abnormal price rises.
Mofizur Rahman, a medicine retailer at Jagannathpur at Badda in the capital, said, “When customers want 10 Antacid Plus tablets at Tk 15 and I tell them that the price has shot up to Tk 20 about one month ago, then I have to bargain with them.”
According to retailers, Gliclid (ACME) Tablet for Diabetics, per piece, was selling at Tk 5 about six weeks ago and now at Tk 7.
For gastric, Capsul Prevas (General) per piece was available at Tk 4 one month back and now it is Tk 5. Two months ago, Neotack (Square) per piece was selling at Tk 2 and now it costs Tk 2.50 .
The price of Orsaline (SMC) was Tk 5 per pack six weeks ago, and it is now selling at Tk 6.
Blood-pressure medicines, such as Amdocal-5mg Tablet (Beximco), used to cost Tk 4 per piece a few months ago. Now it sells at Tk 5 apiece.
Price of painkiller Reservix (100mg) (Incepta) was Tk 3 around three months back but it is now selling at Tk 4.
The price of cardiac medicine Angilock (Square) was Tk 6 per tablet nearly three months ago, but it soared now to Tk 8 while Osartil (50 mg/ Incepta) tablet price has increased from Tk 6 now to Tk 8 each .
Price of cough syrup such as Ambrox (Square) was Tk 30 roughly two months ago but nowadays it is selling at Tk 40. Adovas of the same company was sold at Tk 40 one month ago and now its price is Tk50 .Basok syrup of ACME also costs taka ten more now as the price rose from Tk 40 to Tk 50.
Mahbubar Rahman, a government employee staying outside the capital, said, “I have been suffering from diabetes for long, but the prices of medicine have increased manifold in recent times.“
The medicine which was available at Tk 50 a few weeks ago is now selling at Tk70. Finding no alternative, people are being compelled to buy medicines at higher prices, he added.
Ruhul Amin, assistant director of Drug Administration (DA), said, “The government has listed 117 medicines as essential drugs for primary healthcare and we control the prices of those, but the prices of other medicines are determined by the pharmaceutical companies.”
Major-General Abul Kalam Azad, Director-General of the DA, said the prices of enlisted 117 medicines have not increased, but prices of some other medicines have been raised.
He also indicated lack of policy restrictions on the medicine market as the cause of price rises.
“A new drug policy is going to be introduced very soon so that the drug administration could work for the interest of the common people,” said the military man at the helm of the vital sector.
When contacted, Abdul Muktadir, secretary of Bangladesh Association of Pharmaceutical Industries (BAPI), said that prices of all medicines have not increased and that prices of only two percent medicines were raised.
“The pharmaceutical companies are under tremendous pressure due to increase in price of raw materials and cost of utilities like electricity and diesel and labour,”said Muktadir.
Vice-president of Bangladesh Chemist and Druggist Association Md. Abdul Hai told newsman that the prices of medicines have increased four to five times in the last one year.
“So, it is urgent to save the common people from the curse of price hike of medicines.”

Courtesy of Daily Sun


Related News

Over 1.04 crore animals sacrificed on Eid-ul-Adha this year

News Desk : A total of 1,04,08,918 animals were sacrificed across the country on the occasion of the holy Eid-ul-Azha this year. As many as 3, 67, 106 more animals were slaughtered this year compared to previous year, the Ministry of Fisheries and Livestock said in a press release on Tuesday. This year the ... Read more

9am-5pm office time to resume from Wednesday

News Desk : The public offices across Bangladesh are set to go back to old office timing from 9:00am to 5:00pm with Fridays and Saturdays being the weekly holidays as usual from Wednesday. The cabinet in its weekly meeting on June 3 decided restoring the old office timing between 9:00am and 5:00pm on weekdays ... Read more

5 magnitude earthquake jolts parts of Bangladesh

News Desk : A magnitude 5 earthquake jolted a large part of the country on Sunday (2 June) afternoon., including Dhaka. The quake struck at 2:44pm from a depth of about 110km, according to the Bangladesh Meteorological Department, and was centred in the Mawlaik area of Myanmar, 441 km southeast of Dhaka. The quake ... Read more

Over 2cr to be fed as daylong Vitamin ‘A’ plus campaign begins

News Desk : The National Vitamin A-plus campaign is being conducted with a target to feed the capsules to over 2.22 crore children, aged between six months and 59 months. The campaign started at 8am on Saturday (June 1) and will continue till 4pm. Feeding Vitamin A capsules prevents blindness in children, ensures normal ... Read more

Postponed notice fake, HSC exams on June 30 as per schedule

News Desk : The Higher Secondary Certificate (HSC) and equivalent exams will be held on time as per previous announcement, beginning on 30 June. The routine deferring the exams for a month that is making rounds in social media, is fake, the Board of Intermediate and Secondary Education, Dhaka said on Saturday. A circular ... Read more

3 month-long ban on fishing, tourism in Sundarbans begins

News Desk : The forest department has imposed this three-month ban on fishing and tourism in the Sundarbans. Local communities, including fishermen, wood and honey collectors, who depend on the Sundarbans for their livelihoods, are concerned about a three-month ban on all activities in the forest starting Saturday. The restriction applies to visitors, including ... Read more

Appellate Division upholds HC verdict on DU teacher Samia’s demotion

News Desk : The Appellate Division today (26 May) upheld the judgement of the High Court which declared illegal the demotion order of Dhaka University faculty Samia Rahman on charges of plagiarism. A four-member appellate bench headed by senior judge M Enayetur Rahim of the Appellate Division rejected the appeal of DU as invalid. ... Read more

3.2 million children at risk as Cyclone Remal hits Bangladesh coasts: UNICEF

News Desk : As Cyclone Remal hit the coastal areas of Bangladesh, over 8.4 million people, including 3.2 million children, are at high health, nutrition, sanitation, and safety risks, according to UNICEF. ‘Our thoughts go out to the children and their families at this critical moment as they endure the storm’s impact,’ said UNICEF ... Read more

Classes suspended at coastal area schools due to cyclone

News Desk : No classes will be held at schools in the coastal areas due to Cyclone Remal, said State Minister for Disaster Management and Relief Mohibur Rahman. He said this after a meeting of the inter-ministerial disaster management coordination committee at the Secretariat on Sunday. According to a bulletin of the Met Office, ... Read more

Cyclone Remal forms over Bay, signal 7 at Payra and Mongla

News Desk : The deep depression over the east and west central Bay of Bengal intensified into a cyclonic storm “Remal” at around 9:00 pm today and is expected to hit the country’s coasts between 6pm and 11:59pm tomorrow, according to the Bangladesh Meteorological Department (BMD). The Met Office asked the Payra and Mongla ... Read more

Admissions for Class XI start tomorrow

News Desk : The first phase of applications for Class XI admission for the 2024–2025 academic year will begin tomorrow, May 26, and run through June 11th. According to the XI class admission circular 2024-25, the online application system is divided into three phases with designated application windows, result announcements, and confirmation periods. Students ... Read more

Exam will not be postponed for Cyclone Remal: NU

News Desk : The National University has decided not to postpone the Introduction to Government Policy exam for 4th-year Political Science honours students for the academic year 2022, despite the warning for the approaching Cyclone Remal. The exam is scheduled to be held on Sunday (26 May) at 1:00pm, the same day that the ... Read more

Gold price cut by Tk 1,084 per bhori

News Desk : The prices of gold in the country’s local market witnessed a fall on Thursday as the Bangladesh Jewellers’ Association (Bajus) slashed the price of 22-carat gold by Tk 1,084 per bhori (11.664 grammes). The new rate for the precious metal will come into effect on Friday, BAJUS said in a press ... Read more

Don’t pay anyone for visas, or work permits: Italian envoy

News Desk : Italian Ambassador to Bangladesh, Antonio Alessandro, advised visa-seekers not to pay anyone for visas, emphasising that the embassy only charges small taxes and processing fees. “Our services are free except for these official fees,” he said today (21 May) following a meeting with Shofiqur Rahman Choudhury, the State Minister for Expatriates’ ... Read more

Bangladeshi mountaineer Babar Ali conquers Everest

News Desk : Babar Ali from Chattogram has summited Mount Everest and raised the red and green flag on the world’s highest peak. He reached the summit at 8:30am local time (8:45am Bangladesh time) on Sunday, proudly raising the red and green flag of Bangladesh. He began his journey on 1 April, after necessary ... Read more

Price of gold increases by Tk1,178 per bhori

The new rate will be effective from Sunday (19 May) News Desk : The Bangladesh Jewellers Association (Bajus) today (18 May) increased the price of gold by Tk1,178 per bhori, followed by a price hike in the local bullion market. According to a Bajus statement, 22-carat gold will now cost Tk1,18,460 per bhori (11.664 ... Read more

9 Bangladeshis named in Forbes “30 Under 30 Asia” list

News Desk : Nine Bangladeshis have been named in Forbes “30 Under 30 Asia” list for their contributions across various industries. Forbes announced its prestigious “30 Under 30 Asia” list for the ninth consecutive year yesterday (15 May), showcasing 300 exceptional young individuals under the age of 30 who are making significant strides across ... Read more

SC Stays HC Verdict On Condemn Cell

News Desk : The Appellate Division on Wednesday stayed a High Court verdict that asked the jail authorities not to put death sentence inmates in the solidarity confinement before the end of all legal processes. The Appellate Division judge in chamber, Justice M Enayetur Rahim, granted the stay after hearing an appeal filed by ... Read more

BRTA to take ‘no helmet, no fuel’ policy for bikers

News Desk : Besides, no battery-run auto-rickshaws will be allowed to operate in Dhaka The Bangladesh Road Transport Authority (BRTA) has decided to take a “no helmet, no fuel” approach for motorcycle riders across the country. Besides, no battery-run auto-rickshaws will be allowed to operate in Dhaka, according to decisions taken at a meeting ... Read more

MV Abdullah finally arrives at Ctg port

News Desk : The 23 crew members of Bangladeshi flag carrier MV Abdullah, which was recently freed from the captivity of Somali pirates, has reached the Chittagong Port today (14 May). The Chittagong Port Authority has a reception at the New Mooring Container Terminal (NCT) to welcome back the sailors. Their family members are ... Read more