Dubai - The prices of the medicines will be slashed with effect from January 1, 2016.
The prices of 188 innovative medicines will be slashed with effect from January 1, 2016, the Ministry of Health (MoH) announced on Saturday.
Of these, 77 per cent medicines are for the central nervous system; eight per cent for obstetrical and gynaecological diseases and urologic disorders; five per cent for lethal diseases and immune system depression; five per cent for blood disorders and nutritional medicines; four per cent for ear, nose, and throat diseases; and one per cent for immune system disorders, vaccines and eye care.
Dr Amin Hussain Al Amiri, Assistant Under-Secretary for Public Health Policy and Licensing Sector at the MoH and Vice-Chairman of Drug Pricing and Registration Higher Committee, said 27 global pharmaceutical companies were involved in the initiative.
This is the sixth "wave" of price cuts, Al Amiri said.
Al Amiri emphasised that the "positive partnership" between the MoH and the pharmaceutical industry would benefit patients, particularly those suffering from chronic, viral, neurological and cardiac diseases.
Over 2,500 private pharmacies are operating in the UAE.