President of the Malaysian Pharmacists Association Anlahi pointed out that if the exchange rate of ringgit against the U.S. dollar continues to weaken, drug prices are expected to increase by 5% in recent months.
In an interview with the Utusan Melayu, he said that the affected medicines are expected to include those for coughs, fevers and antibiotics, as they are all denominated in U.S. dollars.
The price of the drug depends on the price cost of the active pharmaceutical ingredient required
He pointed out that the weakening of the ringgit will affect our ability to buy raw materials for drugs, and the current situation in Russia and Ukraine is a sharp increase in the problem.
The price of a drug depends on the price cost of the active pharmaceutical ingredient needed to make the drug. Pharmaceutical excipients are another cost that needs to be included in the price. Pharmaceutical excipients are the ingredients needed in the manufacture of drugs. The price of drugs is still stable, but if RMG continues to weaken, the price of drugs will inevitably be adjusted upwards.
