Tag Archives: New Guyana Pharmaceutical Corporation (New GPC)

Drug purchases…New GPC invoices contradict Govt’s defence

Billion-dollar drug purchases…New GPC invoices contradict Govt’s defence

JULY 27, 2014 | BY
Dr. Ranjisinghi ‘Bobby’ Ramroop’s

Dr. Ranjisinghi ‘Bobby’ Ramroop

Invoices supplied to a New York court by the Dr. Ranjisinghi ‘Bobby’ Ramroop’s New Guyana Pharmaceutical Corporation (New GPC) have clearly contradicted the Guyana government’s defence of drug purchases from his company.

Yesterday Head of State, Donald Ramotar, echoed the sentiments of Minister of Health, Bheri Ramsaran. They both tried to defend the purchases from New GPC, which has been supplying Government with drugs to the tune of billions of dollars for 15 years – since 1999 to be exact.Members of Parliament and other pharmaceutical suppliers had raised concerns about the seeming exorbitant prices that the government was paying to the New GPC for drugs.
Reports on the comments by the critics led to the pharmaceutical company taking legal action in the courts of New York, and in Guyana, against Kaieteur News.

Continue reading

More shocking drug purchases revealed…exorbitant prices to government

More shocking drug purchases revealed… New GPC sells $2,000 ‘pressure tablets’ for $18,000


…under-fire, calls for value for money audit

Government’s largest supplier of pharmaceutical supplies has backed down and is now calling on the Auditor General to carry out a value for money audit.
Over the past days, the New Guyana Pharmaceutical Corporation (New GPC), has come under fire for selling several products at exorbitant prices to government.

When Kaieteur News published the report on the sale of Ketoconazole cream bought by the institution for $1,909 per tube, it reported that the same tube was being retailed in the stores for $80. The Ministry of Health and the Georgetown Public Hospital Corporation (GPHC) both came out in defence of the purchases saying that the price they paid was ‘OK’.  [more]

Guyana: GPHC Drugs purchase scandal continues…

Drugs purchase scandal continues…Govt. pays $8,000 for $600 injection

JUNE 19, 2012 | BY    – also buys $1,600 aspirin for $2,700

One day after government came out in defence of reports that it purchased an $80 anti-fungal cream for $1,909 per tube, there are now more shocking details of how one contraceptive was bought at an exorbitant $8,000 for one vial.
The injection, Depo Provera, is retailed and available on prescription in the local hospitals for as low as $1,100.  One major importer has told this newspaper that he has been supplying the said item to the government for $600 per vial.

Yet, the drug was sold at a whopping $8,000 for one vial by the New Guyana Pharmaceutical Corporation (New GPC) to government for distribution to the Georgetown Public Hospital Corporation (GPHC). This is 13 times higher than what it was being purchased for.    [more]

Govt pays six times retail cost for pharmaceuticals …

Govt pay New GPC six times retail cost for pharmaceuticals …

JUNE 12, 2012 | KNEWS    Probe needed into all drug supply contracts  –

APNU’s Dr George Norton The government needs to come clean; it needs to explain how it decides on drug supply contracts that have largely favoured the New Guyana Pharmaceutical Corporation (New GPC), says Dr George Norton. “The situation needs to be brought out in the open,”  Dr Norton, A Partnership for National Unity (APNU) Member of Parliament told Kaieteur News.

APNU is the country’s main opposition party, and Dr Norton is responsible for health issues from the opposition benches in the National Assembly.
He said that for years now, the opposition has argued that there is not a level playing field in the acquisition of drugs for the country’s hospitals.   [more]

Example of drug costs


Last year, when the government awarded a $311M contract to the New Guyana Pharmaceutical Corporation, importers found that some of the prices put forward by the entity were exorbitant; that the government was paying much more than it should for some of the pharmaceuticals being imported. They noticed for example that the cream, Ketoconazole, [  more]

Bobby Ramroop blows whistle to defend his $1.3B pact


As Health Ministry awards $$M contract to unqualified supplier New Guyana Pharmaceutical Corporation (NGPC) owned by Queen’s Atlantic Investment Inc (QAII) and headed by Dr. Ranjisinghi ‘Bobby “Ramroop has taken umbrage over the recent spate of criticisms on a $1.3B contract it received. Dr. Ramroop is insisting that his company was prequalified by the Ministry [more]

%d bloggers like this: