ASINFARGUAAsociación de Industriales Farmacéuticos Guatemaltecos (Guatemala)
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In this, he is supported by the Asociacion de Industriales Farmaceuticos Guatemaltecos (Asinfargua), whose representative Luis Velasquez said, "We are businesspeople who believe in free competition, that's why we think that with the reform there will be cheaper drugs, because the competition will be expanded." He said the contention that there are only 16 products involved is a false one, because, "there are 16 products, but it is progressive, and that is prejudicial, because there will come a time when the list is much longer."
At stake for the manufacturers, according to Asinfargua's figures, is annual wholesale sales of US$353 million, of which 50% to 60% is generic and the rest branded, protected drugs.