In August ----, health minister advisor Temistocles Diaz confirmed that the updated plans for the Health City project were approved in full and that this ongoing infrastructure work is expected to be completed by the end of ----. The Health City project (or Ciudad de la Salud ) will amount to a total of USD---mn and add -,--- hospital beds to the health system. Also in August, the director of the Social Security Fund CSS, Estivenson Giron, confirmed the current existence of delays in chirurgical interventions in the health system, as well as gaps in hospitals access to supplies and pharmaceuticals. In the same month, due to alleged medicine shortages, the Health Ministry announced that the renovation of medicines registration that are due between August -- and August ---- will be postponed one year for medicines which formulation has not varied, alleging that late registration renewal was one of reasons for medicines shortages. In June ----, against the backdrop of an H-N- influenza outbreak in Panama, the Panamanian Health Minister Francisco Javier Terrientes submitted his resignation. ...In June ----, against the backdrop of an H-N- influenza outbreak in Panama, the Panamanian Health Minister Francisco Javier Terrientes submitted his resignation. The outbreak has resulted in -- deaths and --- hospitalizations due to the virus.
...The Panamanian balboa has been tied to the US dollar at an exchange rate of -:- since it was introduced in ----. ...This can significantly reduce pharmaceutical companies exposure to foreign exchange risks. In ----, medicine expenditure reached a value of USD---mn, and this is expected to increase to USD---mn in ----, experiencing a -.- increase in both local currency and US dollar terms. From ----, we expect a five-year local currency compound annual growth rate (CAGR) of -.- , to a ---- value of USD---mn. By ----, the market is forecast to reach USD-.-bn, equating to a --- year CAGR of -.- in both local currency and US dollar terms.
...In August ----, due to alleged medicine shortages, the Health Ministry announced that the renovation of medicines registration that are due between August -- and August ---- will be postponed one year for medicines which formulation has not varied, alleging that late registration renewal was one of reasons for medicines shortages. In addition, Health Minister Miguel Mayo stated that the lack of bidders in public tenders for medicine supplies is due to payment arrears. ...In August ----, due to alleged medicine shortages, the Health Ministry announced that the renovation of medicines registration that are due between August -- and August ---- will be postponed one year for medicines which formulation has not varied, alleging that late registration renewal was one of reasons for medicines shortages. In addition, Health Minister Miguel Mayo stated that the lack of bidders in public tenders for medicine supplies is due to payment arrears. The official said that mechanisms will be sought to streamline the payment process (La Estrella de Panama). ...
