Health Ministry Investigates Reported Drug Shortages at Private Pharmacies

first_imgChief Medical Officer in the Ministry of Health, Dr. Jacquiline A. Bisasor-McKenzie says the Ministry is investigating reports of a shortage of drugs affecting private pharmacies.“Based on the media reports, we are investigating, and have contacted some of the distributors and are awaiting the reports to see if there are drug shortages and exactly what those shortages are,” Dr. Bisasor-McKenzie told JIS News.She informed that to date, the Ministry has not had any report from the Jamaica Association of Pharmacy Owners or any other organisation concerning the shortages of drugs.The Chief Medical Officer informed that Jamaica imports the majority of its pharmaceutical needs and therefore there are many reasons why there may be stock- outs/ drug shortages. “This can include business decisions by overseas manufactures to voluntary discontinue supplies, or it may be that there are global shortages affecting pharmaceutical ingredients,” Dr. Bisasor-McKenzie stated.According to a release from the Ministry of Health, manufacturers and distributors locally are required to notify the Standards and Regulation Division in the Ministry regarding any problems that may arise regarding pharmaceuticals.It noted however, that “the private industry is inconsistent in bringing these matters to the Ministry’s attention, leaving the Ministry unaware of these concerns.”The Ministry further urged the distributors to take a proactive approach in notifying them regarding drug shortages, so that any intervention that is possible for the Ministry to make, can be made before “there is a total stock out or before it becomes impossible to source a drug.”last_img read more

Croatia Gives 3 Maj Guarantees for up to USD 225 Mn Loan

first_imgzoomIllustration; Source: Wikimedia – Public Domain; Image by: Janeway The Croatian government has agreed to provide state guarantees for a loan of up to HRK 150 million (USD 22.5 million) for the struggling shipyard 3. Maj.The country’s Finance Minister, Darko Horvat, noted that the support was dependent on all creditors agreeing to defer the recovery of outstanding debts for two years.The specified amount would be enough for the shipyard to resume production. It was further said that the state would incur no expenses with the move.With the state guarantee, the shipyard will be able to seek a loan from the Croatian state development bank HBOR or commercial banks. 3. Maj is owned by compatriot Uljanik which earlier hinted at a possible sale of the shipyard as part of its restructuring plan.Croatian Prime Minister, Andrej Plenkovic, said the undertaking was aimed at securing more time for 3. Maj to find a strategic partner for a sustainable future. Among the possible solutions to the problem was the transferring of part of the operations to Uljanik’s facilities in the Port of Pula.“It could also mean a part of business taking place in the Pula dock,” Plenkovic said.3. Maj lost a number of significant shipbuilding deals in October 2018 when Canadian shipping company Algoma Central Corporation canceled four contracts. The company made the decision amid the shipyard’s financial difficulties, which led to a much-publicized attempt to refinance the company and shipyard management was unable to put forward a credible plan that would lead to completion of the remaining hulls.World Maritime News Stafflast_img read more