Pooled purchase of medicines to help lower prices

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.