Prices of 56 Drugs, Formulations Revised: National Pharmaceutical Pricing Authority

by Dr. Trupti Shirole on  June 7, 2016 at 10:40 AM Drug News
RSS Email Print This Page Comment bookmark
Font : A-A+

So as to make drugs cheaper and affordable, the National Pharmaceutical Pricing Authority (NPPA) announced that it has revised prices of bulk drugs and formulation.
 Prices of 56 Drugs, Formulations Revised: National Pharmaceutical Pricing Authority
Prices of 56 Drugs, Formulations Revised: National Pharmaceutical Pricing Authority

"Ceiling prices of 31 scheduled formulation packs of intravenous fluids and 25 other formulations have been revised on June 3, 2016, and June 2, 2016, along with eight formulations under the Drugs (price control) amendment order," the authority said here in a notification here.

Set up by the Union Ministry of Chemicals and Fertilizers, the authority fixes, revises and enforces prices of various controlled drugs. It also levies and collects penalties from manufacturers if customers are overcharged. It also monitors prices of decontrolled drugs to keep them affordable to the needy.

The fresh order supersedes that of March 2, 2016, February 26, 2015 and December 10, 2014 on formulation packs. The ceiling prices are exclusive of local taxes where ever applicable.

Among the medicines whose prices have been revised include glucose and sodium chloride injections and their combined injections. The pharma firms whose drug prices have been revised lower are Abbot Healthcare, Adcock Ingram Healthcare, Alembic, Bennet Pharmaceuticals, Cadila Pharma, Cipla and others.

Source: IANS

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

More News on:

Drug Toxicity 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive