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Panama Pharmaceuticals

New executive decree to guarantee accessible medicine prices in Panama.

The government of Panama approved Executive Decree #17 on international pharmacies. The Executive Decree authorized a 30% discount on 170 consumption medicines. It went into effect on August 15 for six months and will not apply to locally produced generic products with prices equal to or under 60% of the reference price on June 30, 2022.

The National Authority for Consumer Protection and Defense of Competition (ACODECO) oversees the compliance of the Executive Decree. To review the complete document, please visit the government official page.

For more information, contact Diana Lozano, Commercial Specialist in Panama, by e-mail at Diana.Lozano@trade.gov.

09/28/2022