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View all search resultsPresident Joko “Jokowi” Widodo has called for a total reform of the national health system that will include self-sufficiency in the pharmaceutical industry in a bid to build national resilience against the health and economic crisis caused by the COVID-19 pandemic.
State pharmaceutical holding company PT Bio Farma will have a chance to become an international vaccine producer as it has partnered with the Coalition for Epidemic Preparedness Innovations (CEPI) in vaccine procurement, says Foreign Minister Retno Marsudi
Some pharmaceutical companies have not only regained back the losses from this year’s historical market rout, which saw the benchmark Jakarta Composite Index (JCI) fall to its lowest point in eight years to 3,937.63, they have also reached their own record highs for prices in 2020.
The Indonesian Pharmaceutical Companies Association (GP Farmasi) reported Wednesday the drop in demand had forced companies to lower their production capacity to less than 50 percent for the past three months.
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