Guiding consumers since 2009

Reduction in medicine registration backlogs

By Alina Hardcastle

Last week, the Medicine Control Council (MCC) announced plans to reduce the backlogs in the registration of unregistered medicines.

Since the announcement, pharmaceutical firms have warmly welcomed the council’s decision. The National Association of Pharmaceutical Manufacturers (NAPM) said: “The announcement by the MCC Secretariat on their website about a phased plan to reduce the medicine registration backlog is welcomed by the NAPM members and especially the spirit of transparency and cooperation it displays.”

The council have stated that the plan involves two phases, with the aim to complete the first phase by the end of the year (December 2016). Registrar of Medicines at MCC,Dr JC Gouws added: “The first phase of the backlog involves the product in the pre-registration phase.”

Gouws informed us that plans have already been implemented and the steps to be put in place by the industry include, identifying the current market needs for the products in the backlog and putting resources in place to ensure that the dossier under review complies with current regulatory requirements.

He added: “MCC are to ensure that resources are available to scrutinise the quality of the dossier and that evaluators are available to attend to the dossiers under review.”

When enquiring about the beneficial outcomes for pharmaceutical companies, NAPM responded: “We can only speak for generic medicine companies, which make considerable investment in building up the registration dossiers and paying license fees to dossier owners, irrespective of the ability to sell the drugs.”

This will not only benefit generic pharmaceutical companies but consumers too. NAPM said that any new generic medicine registrations should be only of benefit to patients, the reason be that the competition amongst manufacturers will increase which in turn will lead to a reduction in prices.

“A recent survey carried out by the NAPM into the 200 most prescribed medicines shows a 45% difference between the average generic and originator prices and a 56% reduction when the originator is compared with the most affordable generic medicines,” added NAPM.

Therefore, consumers will benefit through an increasing variety range of choices and lower prices, while pharmaceutical companies will find investing in further products less risky.

NAPM concluded: “Recent interactions between the MCC Secretariat and the industry have been encouraging and augur well for the establishment of the new South African Health Products Regulatory Authority, which will supersede the MCC in April next year.”

Handy tip: Do you need medical cover? You can apply for medical aid or hospital plan cover on Justmoney.

Recent Articles

Featured What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide