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’s the deal with underwriting?

When you apply for a long-term insurance policy, a financial adviser will ask some personal questions about your lifestyle, family history, health, and even ask you to take some medical tests. This process is called underwriting, but is it really necessary?

 

How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Why you should consider gap cover

Your medical aid should protect you from incurring large medical bills when you’re sick. But what if your plan doesn’t cover the full cost of your medical expenses? We got in touch with insurance experts to find out whether gap cover is worth having.

Deals

Office furniture at discounted prices at BDK

Price: Available on request
When: Daily
Where: Johannesburg

Da Vincis Happy Hour Special

Price: Available on request
When: Daily
Where: Cape Town

Use your Absa card and get 30% cashback at Dis-chem

Price: Available on request
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions