CNI News

19 Oct 2022

Medicine prices including the non-prescribed and prescribed medicines including for those with diabetes, hypertension and heart diseases have dropped slightly, according to pharmacies.

Prices of medicines dropped by 10 percent when they are purchased from medicine companies, a manager of a medicine wholesaler Shwe Mingalar Market in Mingalar Taungnyunt Township told the CNI.

He said, “Medicine prices have dropped. Medicine companies have lowered the prices by about 10 percent.”

Myanmar imports almost half of its medicine needs from other countries and has to pay in US dollars in US dollars. As a result, medicine prices rise exorbitantly, according to medicine merchants.

People buying medicines.

Although medicine prices have dropped, some people who stored a large amount of medicines have stopped buying medicines, according to Daw Wut Ye Thwe, a shop owner from Shwe Pyae Sone Market, told the CNI.

He told the CNI, “Prices have dropped slightly but they rose by 60 percent from their normal prices. However, the medicine prices do not fall back to the previous levels. As the prices are falling, no one is interested in storing medicines. S0k the sales have dropped.”

Medicine retailers are trying to sell their medicine as soon as possible but buyers are still waiting for further drops.

However, buyers still have to purchase medicines at higher prices and prices vary from pharmacy to pharmacy.