On lack of drug price control

According to the World Health Organization, a competitive market place is the best way to ensure low prices for drugs. Proper organization of the market and application of anti-trust (monopoly) laws should facilitate price competition. However, in some cases, if pharmaceutical markets do not become competitive, control or regulation of medicines prices may be based on actual cost, controlling company’s profit margins, or comparison with prices of other medicines in the same therapeutic categories. The real question now is; Does our pharmaceutical sector competitive? Yes, it is. We have dozens of local manufacturers, importers, wholesales outlets and retail pharmacies that compete with each other in terms of pricing. Many countries like United States, United Kingdom, France, Germany, Spain and others also use a competitive market place system to ensure low prices of medicines.