New GPC facing increasing competition from other drug suppliers

New GPC (NGPC) is facing increasing competition from other drug suppliers since the new APNU+AFC government shook up procurement arrangements.

The previous pre-qualification system had seen NGPC securing the lion’s share of the market.  With the pre-qualification system no longer in place,  previously excluded companies can now bid for the contracts.  In recent weeks, large contract awards have gone to Caribbean Medical Supplies Inc and other companies.

In the most recent contract award announced by the Ministry of the Presidency on April 29th, four companies won the right to supply tuberculosis medication (see table below). The largest award went to Global HealthCare Supplies Inc with $17.8m. It was followed by International Pharmaceutical Agency with $4.56m,