Today News
A+ A A-

RiteMed, Euro-Med formalize partnership

The country’s leading generics company RiteMed Philippines Inc. (RiteMed) recently inked a memorandum of agreement (MOA) with Euro-Med Laboratories Philippines Inc. (Euro-Med), the Philippines’ dominant intravenous-fluid (IV-fluid) manufacturer, for the delivery of quality and affordable medicines to hospitals nationwide.
Under the MOA, Euro-Med will be carrying and distributing all RiteMed pharmaceutical products to hospitals and healthcare facilities within its network across the country, according to Unilab, Inc. senior vice president for the RiteMed, Inc. Group, Jose Maria Ochave.
“Our vision is to provide access, not just to medicines, but to healthcare in general. We share same visions with Euro-Med, being two Filipino-owned companies,” Ochave said during the MOA signing. “What we can promise you is that for Unilab and RiteMed, this will be a long term partnership; we do not go for short-term relationships. We will invest in this relationship, we will help each other.”
Euro-Med president Georgiana Evidente said, “This new partnership with RiteMed will advance both companies’ advocacy of providing “quality but affordable healthcare products to the Filipino public.”
“We’re so glad to be here to mark this momentous occasion. Euro-Med is committed in growing the RiteMed business in the hospital sector and we look forward to a very long and fruitful partnership between the two companies,” she added.
Ochave disclosed that the deal was almost a year in the making, as talks between RiteMed and Euro-Med started in May 2017.
“Right now, RiteMed is available only in the drugstores and our presence in the hospitals is very small. Together with Euro-Med, we hope to expand our footprint in the hospitals,” Ochave said.
He estimates that the hospital segment alone accounts for around 15 percent of the total market for pharmaceutical products.
Ochave said Euro-Med will be carrying and distributing the whole product line of RiteMed: from oral medicines to injectibles.
With this partnership, Ochave sees that Filipino patients would be able to cut their hospital bills, as affordable and quality medicines are now within their reach.
“The objective of RiteMed is always focused on improving access by competing with the others to bring prices down. So, hopefully, this will be an opportunity for us to further advance our campaign for greater access to quality healthcare,” he stressed.

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.


CJ in bigger trouble

21-03-2018 Ninez Cacho-Olivares

CJ in bigger trouble

Chief Justice Lourdes Sereno may have cooked her own go...

With McCabe firing, Trump risks stoking …

21-03-2018 AFP and Tribune Wires

With McCabe firing, Trump risks stoking obstruction charges

  Washington, United States — President Donald Trump...

‘May nanalo na!’

21-03-2018 Aldrin Cardona

‘May nanalo na!’

  While new generation TV talk exclaim victory through...


21-03-2018 Dinah S. Ventura


It is true that most people agreed to President Rodrigo...

1968, a year of uprisings and dashed hop…

21-03-2018 AFP and Tribune Wires

1968, a year of uprisings and dashed hopes

Paris, France — The United States facing defeat in Viet...

On temporary islands in C. Africa, hund…

21-03-2018 AFP and Tribune Wires

On temporary islands in C. Africa,  hundreds flee militia torture

Bangui, Central African Republic — For a few months eac...

Life Style





Life Style




Unit 102, 1020 Bel-Air apartment, Roxas Blvd, Ermita, Manila Copyright 2000-2017 All rights reserved, The Daily Tribune Publishing Inc.