NextGen Day

In the wake of an increase in Covid-19 cases, a lawmaker in the House of Representatives requested authorities to go after and jail hoarders and price manipulators of drugs used to treat the symptoms of the coronavirus disease (Covid-19).

Precious Hipolito Castelo, a Quezon City representative, said there are laws, rules, and even local ordinances forbidding drug hoarding and pricing manipulation.

The Department of Trade and Industry (DTI), the Department of the Interior and Local Government (DILG), the Department of Health, the Philippine National Police, and local government units should all work together to execute the law, according to Castelo (LGUs).

“These should be enforced by the relevant authorities to preserve the interests and welfare of our people, particularly the impoverished.” In a statement, Castelo stated, “Hoarding denies the poor access to important things like medicines and raises the prices of these commodities.”

LGUs play a key role, she said, because they can suspend or revoke the business permits of establishments that hoard or manipulate product pricing or participate in trade-restrictive operations.

She also encouraged the government and manufacturers to guarantee that Covid-19 medications are available in sufficient quantities.

“Sufficient supply is the strongest antidote to hoarding and price manipulation,” she emphasized.

The DTI has informed the public that paracetamol and other medications for Covid-19 symptoms will be plentiful.

Manufacturers of paracetamol and flu treatments, according to DTI Secretary Ramon Lopez, have advised against putting a limit on the purchase of these products due to shortages, notably in Metro Manila and other regions.

“The manufacturer said yesterday that there is no need for a cap because they can supply,” Lopez said. “The drugstores would be allowed to set their number limits when they identify (an) unnecessary bulk buy.”

He stated that they had urged pharmaceutical companies and drugstores to expedite the restocking of paracetamol and other flu treatments, stressing that the shortage was primarily due to delivery schedules.

Despite the increased demand for these medicines, Unilab promised DTI that it would speed supplies this week, Lopez noted.

Jannette Jakosalem, vice president of the Philippine Pharmaceutical and Healthcare Association (PHAP), also stated that paracetamol and flu drugs are in plentiful supply.

She said that pharmaceutical companies in Metro Manila will be able to refill supplies in two to three days.

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