Prices of 42 essential drugs slashed by 15% in India

568680_original_r_by_andrea-damm_pixelio-de_-1024x682Prices of 42 essential medicines used in treatment of various ailments including tuberculosis, cancer, cardiac diseases, asthma, epilepsy and depression have been capped by the government, reducing their cost by up to 15 per cent.

Drug price regulator, National Pharmaceutical Pricing Authority (NPPA), in a notification on its website, said it “has fixed/revised ceiling prices of 45 scheduled formulations of Schedule-I under Drugs (Price Control) Amendment Order, 2016.”

“Out of the 45, the prices of 42 medicines have been reduced by up to 15 per cent,” a official source said.

NPPA said manufacturers not complying with the ceiling price would be liable to deposit the overcharged amount along with interest thereon under the provisions of the Drugs (Price Control) Order, 2013.

Read the full article in The Hindu