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NPPA to fix ceiling prices of over 300 drugs by June-end

18 Jun 2013 Evaluate

Giving a big relief to the patients, the drug pricing regulator, National Pharmaceutical Pricing Authority (NPPA) after fixing the prices of 151 formulation packs has said that it will fix ceiling prices of over 300 medicines by the end of June. The implementation of new drug policy is likely to reduce prices of many anti-cancer and anti-infective drugs by 50-80%.

The prices of 348 essential drugs, which are listed in the National List of Essential Medicines (NLEM) are set to be regulated under this order, which includes 237 formulations, the ceiling prices of those are already fixed. Earlier there were only 74 bulk drugs being regulated under Drug Prices Control Order 1995.

All the strengths and dosages specified in NLEM as per new policy will be under price policy. The ceiling price, as per the pharmaceutical pricing policy is the simple average of the prices of all brands of that drug that have a market share of at least 1 per cent. The 86 drugs whose price were fixed within the last one year will only be readjusted on the basis of the wholesale price index (WPI) one year from their date of notification.

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