Government establishes company for medicine and medical equipment

A government-owned entity called State Pharmaceutical and Medical Supply Corporation Limited has been created to import pharmaceuticals, medical supplies, and medical devices in large quantities.

As stated by the President's Office today, this company was formed under the powers given to the President by Section 15 of the Companies Act (Act No. 7/2023).

The President's Office also mentioned that this company was formed to enhance the purchasing and importing of medicines, medical supplies, and medical equipment to the Maldives through this company, and to manage all distribution of these items across various regions of the nation.

The problem of frequent shortages of medications required for individuals with specific illnesses arises periodically.