PRESS RELEASE: OECS Pharmaceutical Procurement Service (PPS) grows from strength to strength
Every two years, the OECS Pharmaceutical Procurement Service (PPS) reviews quotations and offers made by pharmaceutical suppliers to ensure that the citizens of OECS Member States are guaranteed the best possible essential list of medicines at the lowest possible price.
Head of the OECS PPS, Mr. Francis Burnett, said that pooled procurement, paired with the use of an electronic procurement system, allows the region to stretch its limited health care dollar to procure more medicines, and medical products, for citizens.
Since its implementation in 1986, the OECS PPS has been able to reduce the market cost of medicines in the region by 20 percent and, in so doing, collectively saves regional governments an average of USD $4 million dollars a year.
The 25th Joint Tenders Advisory Committee Meeting was held at the Bay Gardens Hotel in St. Lucia from May 22-26th 2017 and representatives from nine OECS Member States met to review the suppliers’ bids based on price, quality and past performance.
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Image: SimonQ (flickr)