Pharmaniaga refutes monopoly claim, confident of concession agreement renewal

PETALING JAYA: Pharmaniaga Bhd has rubbished claims of it monopolising pharmaceutical supplies to government hospitals. It is confident of securing the renewal of its concession agreement.

Managing director Datuk Farshila Emran (pix) said it is strictly inaccurate to say that Pharmaniaga is in a monopoly business as only 33% of its concession comes from the Ministry of Health, which contributes 53% to total revenue.

Pharmaniaga has a 10-year concession agreement with the government which is slated to end in November 2019. It has recently come under scrutiny by the cabinet committee on market monopolies.

Despite that, she believes that its concession agreement will be renewed due to its sterling track record in meeting the key performance indicator (KPI) set by the government.

Source: The Sun Daily

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