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FDA sets price ceiling for selling essential medicines, supplies online

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ABS-CBN News

MANILA - The Food and Drug Administration (FDA) has set ceiling prices for selling essential emergency medicines and supplies online as demand swelled due to the rising cases of the novel coronavirus (COVID-19) in the country.Effective immediately, the &quot;online selling of any of the following emergency medical supplies that are beyond the price ceiling/range set in the above-mentioned Department Memorandum are prohibited&quot; under FDA Circular No. 2020-005, the agency said in an advisory released on Thursday. <div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/03/12/price.jpg"/><figcaption>Price Ceiling/range for selling essential emergency medicines and supplies online. Table: FDA</figcaption></figure></div>Inspectors and Regulatory Enforcement Unit (REU) agents would conduct &quot;exhaustive monitoring&quot; of all online platforms to ensure compliance with existing circular and price declaration by the Department of Health (DOH), the FDA said. The Department of Trade and Industry (DTI) earlier appealed to the public to stop hoarding face masks and alcohol and has since imposed a price freeze on basic goods.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/11/20/dti-issues-price-freeze-on-basic-goods-amid-virus-outbreak">DTI issues price freeze on basic goods amid virus outbreak</a></li></ul>

The FDA has set ceiling prices for selling essential emergency medicines and supplies online as demand swelled due to the rising cases of the novel coronavirus in the country.

The FDA has set ceiling prices for selling essential emergency medicines and supplies online as demand swelled due to the rising cases of the novel coronavirus in the country.