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Published May 6, 2021, 8:00 AM
The domestic pharmaceutical and healthcare industry has been forecasted to rebound this year with a 5-6 percent growth from a negative 11 percent in 2020, but initial results are not actually looking good, according to a top industry leader.
Dr. Beaver Tamesis, president of the Pharmaceutical and Healthcare Association of the Philippines (PHAP) said at the Wednesday Roundtable at Lido the P270-billion industry was initially projected to grow 5-6 percent this year. 
Photo credit: https://www.phap.org.ph/uhc/
“Given the pandemic, the initial forecast last year for 2021 is we may return to some growth of 5 to 6 percent,” he said. But Tamesis said that the way things are going on, “It’s not looking very good. We had to go into lockdown again, limited patients admitted to hospitals and capacity at 40 percent. Still a touch and go for the rest of the year,” he said. ....

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