× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Pooled purchase of medicines to help lower prices

By Standard Reporter | June 28th 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.

Share this story
New tax Bill serves up surprises as grieving costs rise, shisha takes a hit
Losing a loved one or seeing them suffer from a critical medical condition is painful. It is also going to get more expensive, thanks to the Excise Duty Bill, 2015, which is awaiting debate in Parliament.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.