The Vietnam Ministry of Health and Switzerland’s Novartis Group have signed a memorandum of understanding on low-cost with the aim of increasing Vietnamese people’s access to essential generic drugs that they can afford.

The MoU covers the invention cooperation based on science and clinical tests, management of pharmaceuticals, drug quality and domestic production, Lao Dong newspaper reported.

It also helps improve the public’s access to advanced health services, it added.

Generic drug is defined as a drug product that is comparable to a brand/reference list drug product in dosage form, strength, quality and performance characteristics, and intended use.-VNA