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Government Revises Ceiling Prices of 42 Essential Medicines by 15%

by Dr. Trupti Shirole on  June 28, 2016 at 5:48 AM Drug News   - G J E 4
The government fixes the prices of essential drugs based on the simple average of all medicines in a particular therapeutic segment, having sales of more than 1%.
 Government Revises Ceiling Prices of 42 Essential Medicines by 15%
Government Revises Ceiling Prices of 42 Essential Medicines by 15%
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National Pharmaceutical Pricing Authority (NPPA), drug price regulator, in a notification on its website said it has fixed or revised ceiling prices of 45 scheduled formulations of Schedule-I under Drugs (Price Control) Amendment Order, 2016.

‘The government capped the prices of 42 essential medicines thereby, reducing their cost by up to 15%.’
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The government has capped the prices of 42 essential medicines used in treatment of various ailments including tuberculosis, cancer and cardiac diseases, thereby, reducing their cost by up to 15%.

NPPA said manufacturers not complying with the ceiling price would be liable to deposit the overcharged amount along with interest.

Source: ANI
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