President Establishes State Pharmaceutical and Medical Supply Corporation

President Dr Mohamed Muizzu has established a new state-owned company dedicated to the procurement and distribution of pharmaceuticals and medical supplies, transferring responsibilities that had l...

Mohamed Hilmy

09 September 2025, 05:00

The President’s Office announced today that the State Pharmaceutical and Medical Supply Corporation Ltd has been formed under Article 15 of the Companies Act as a 100 percent government-owned company. According to the announcement, the corporation will handle the import of medicines, medical consumables, and equipment in bulk, and ensure their nationwide distribution.

The creation of the corporation marks a significant restructuring of the medical supply chain in the country, as STO had previously overseen the import and supply of pharmaceuticals. The government stated that the dedicated company will allow for more streamlined operations and ensure that essential medical supplies are more efficiently and reliably available across all regions of the Maldives.

With the establishment of the State Pharmaceutical and Medical Supply Corporation, the administration aims to strengthen healthcare delivery by improving accessibility, affordability, and timely supply of essential medicines and equipment to hospitals, health centres, and pharmacies throughout the nation.

President Establishes State Pharmaceutical and Medical Supply Corporation

Leave a comment

Comments

Latest News