Pooled purchase of medicines to help lower prices
News
By
Standard Reporter
| Jun 28, 2015
A new initiative aimed at pooling procurement of medicines and pharmaceuticals by a global network of not-for-profit organisations is expected to result in lower prices for end users.
Mission for Essential Drugs and Supplies (Meds) Managing Director Paschal Manyuru said the initiative will consolidate and co-ordinate purchases to benefit from economies of scale. His organisation will then be passing on the savings as discounts to county governments and other agencies purchasing products from Meds.
The pooled procurement is being undertaken by the Ecumenical Pharmaceutical Network (EPN), a worldwide network of associations, institutions and individuals committed to the provision of quality pharmaceutical services.
Mr Manyuru said Meds, which entered into a collaborative partnership with counties in 2013, has strong group bargaining power that will ensure the steady supply of quality medicines and pharmaceuticals at subsidised prices.
Members of the EPN network will share information on procurement policies, medicine lists and product specifications, as well as supplier audits.
READ MORE
Kenyan retailers ready to pounce as Ethiopia to open up market
Hiring civil servants on contract will fuel corruption, experts say
Absa Life Assurance earnings jump 84pc to Sh667 million
Ruto pushes rich nations to boost funding for poor States
Counties sitting on Sh1b emergency fund amid raging floods
Poultry players protest US import deal plan
Uptake of AI-powered home solutions low despite many benefits
Logistics firm eyes bigger market pie after MSC pact, rebrand
- Hiring civil servants on contract will fuel corruption, experts say
- Kenyan retailers ready to pounce as Ethiopia to open up market
- KQ suspends flights to Kinshasa over detention of staff
- Is government on 'fuliza' mode?