UNILAB SAYS COMPANY NOT HIKING

PRICES OF MEDS,
UNILAB SAYS COMPANY NOT HIKING PRICES OF MEDS, WITHHOLDING STOCKS.
MANILA—Philippine pharmaceutical company Unilab on Saturday said it was not
withholding stocks of certain medicines and increasing their prices amid a surge in
demand.
UNILAB said an "extraordinary high demand" caused supplies to temporarily run
out "in certain areas of the country."
"We continue to manufacture and have in fact increased the manufacturing
volume of these products to serve the extraordinary demand," the firm said.
It also urged all Filipinos to refrain from "relying upon and passing on false news"
in order to not "cause panic and anxiety."
Earlier this week, the government limited the purchase of paracetamol and
several other flu treatment medicines to prevent "artificial shortages" and price
hikes.