Puerto Vallarta News

Puerto Vallarta News

Mexico’s president-elect pressures drugmakers to contain prices

Mexican President-elect Andres Manuel Lopez Obrador on Saturday urged pharmaceutical companies in the country to keep prices down or face losing out on government business to competitors abroad.

During a speech in the western city of Morelia, Lopez Obrador said the government was paying too much for medicine. For the budget to be able to provide the public with free medicine, this “corruption” would have to end, he added.

Lopez Obrador, a leftist who takes office on Dec. 1, said he wanted to support the national pharmaceutical industry.

But he warned the industry his government would seek cheaper medicine . . .

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