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Saturday, August 06, 2005
Rose Pharmacy expects to open 15 branches every year: official
By Jessica B. Natad
Sun.Star Staff Reporter
The Rose Pharmacy Group of Companies (RPGC) vows to continue to give other pharmacy chains a run for their money by opening more branches all over the country.
RPGC vice president for finance Rosemarie Wong also said the company is studying the government’s “Botika ng Bayan” project to find out if Rose Pharmacy can afford to participate in it.
Wong said the 55-year-old RPGC is expecting to open an average of 15 branches nationwide every year.
The company recently opened an outlet at the Mactan Economic Zone 2. It is also expanding its University of Cebu-Banilad branch.
RPGC will also open a branch at the Banilad Town Center soon.
The botika ng bayan (Pharmacy of the People) is any pharmacy accredited by the Philippine International Trading Corp. (PITC). It sells medicines at lower prices than at other pharmacies, as well as promotes generic medicines to patients.
PITC chairman and president Roberto Pagdang-anan said medicines of botika ng bayan are affordable because these are imported in bulk from India by the PITC itself and directly distributed, with no frills, to the botika ng bayan.
Wong said RPGC finds it difficult to promote generic medicines in its outlets because many doctors still prescribe branded medicines.
Pagdanangan said the PITC is now talking with the Philippine Medical Association for its member-doctors to include in their prescriptions to patients the generic names of the medicines.
Republic Act 6675 or the Generics Act of 1988 defines generic names as the identification of drugs and medicines by their scientifically and internationally recognized active ingredients as determined by the Bureau of Food and Drugs.
(August 6, 2005 issue)
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