Medicine Prices
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Supreme Court Flags Massive Gap Between Medicine MRP And Retailer Cost, Asks Government, "Allowing This To Happen?"
The Court was hearing a public interest litigation (PIL) filed by advocate Kishan Chand Jain seeking mandatory generic drug prescriptions, strict initial price controls on non-scheduled medicines, and statutory margin caps on medical devices under the Drug Price Control Order (DPCO).
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Centre Expects Anti-Cancer Drug Prices To Fall 20-70 Per Cent Under Proposed Trade Margin Cap
The Centre has told the Supreme Court that capping trade margins on anti-cancer medicines at 30 per cent of their maximum retail price (MRP) is expected to save patients around Rs 2,500 crore annually, with the proposed measure likely to reduce the MRP of such drugs by 20 to 70 per cent.
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Cancer Drug Prices May Fall By Up To 70% As Government Caps Trade Margins: Sources
According to official sources in the Department of Pharmaceuticals, the new measure is expected to result in reductions of up to 70% in the MRP of certain cancer medicines. The government estimates that the move could lead to annual savings of around Rs 2,500 crore for patients.
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Tamil Nadu Strengthens Surveillance On Medicine Pricing And Prescription Drug Sales Amid Public Health Concerns
Reports of hospitals charging inpatients at or near the maximum retail price (MRP) for medicines and supplies purchased at discounted rates have prompted Tamil Nadu's Directorate of Drugs Control to order inspections of selected hospitals and their attached pharmacies.
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'Daylight Robbery Of Patients': Supreme Court Slams 10-Fold Gap In Cancer Drug Prices
The Court expressed displeasure over the disparity in prices and described it as a serious issue affecting patients.
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Delhi Warns Pharmacies Over 'Up To 80% Off' Ads, Says Discounts Must Be Genuine
The department, however, made it clear that selling medicines below the Maximum Retail Price (MRP) is permitted. Its objection is to vague or exaggerated advertisements that could mislead customers about the discount actually available.
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Patients To Get Affordable Medicines; NPPA Fixes Retail Prices For 39 New Medicines
Prices have been fixed for medicines used to treat conditions such as high blood pressure, diabetes, heart disease, infections (antibiotics), eye ailments, pain, cancer, HIV, epilepsy, and Vitamin D deficiency.
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US Woman Says 'We Are Being Robbed' After Discovering Rs 85,000 Pill Costs Just Rs 35 In India
An American woman discovered that a Rs 85,000 ($900) pill in the US costs only Rs 35 (30 cents) in India.
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'I Am Shocked': Foreigner After Comparing Indian Medicine Prices To US And Australia
A foreigner went viral after praising India's affordable medicines, showing price comparisons with the US and Australia in a social media video.
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Government Slashes Prices Of 41 Medicines, Including Those For Diabetes, Heart Ailments
The government has reduced the prices of 41 commonly used medicines and six formulations used to treat diseases such as diabetes, heart and liver ailments.
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Reports Claiming Big Hike In Medicine Prices Are False, Misleading: Centre
The government dismissed the media reports claiming that medicine prices will witness a significant hike by up to 12 per cent from April 2024 and called them false, misleading and malicious.
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Government Caps Prices of 108 More Medicines; Drugmakers to Take Hit
The notice by the National Pharmaceutical Pricing Authority (NPPA), published on its website on Friday, coincides with moves by the health ministry to widen the list of essential medicines which will be subject to a price cap, people familiar with the matter told Reuters last month.
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Pak Faces Shortage Of Life-Saving Drugs Due To Weakening Currency: Reports
Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.
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Pak Faces Shortage Of Life-Saving Drugs Due To Weakening Currency: Reports
Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.
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Several Anti-Cancer Drugs, Antibiotics, Now "Essential Medicines", To Be Cheaper
Several anti-cancer drugs, antibiotics and vaccines will now become more affordable as they are among 34 new additions to the National List of Essential Medicines, with the government saying this will reduce "patients' out-of-pocket expenditure".
-
Supreme Court Flags Massive Gap Between Medicine MRP And Retailer Cost, Asks Government, "Allowing This To Happen?"
The Court was hearing a public interest litigation (PIL) filed by advocate Kishan Chand Jain seeking mandatory generic drug prescriptions, strict initial price controls on non-scheduled medicines, and statutory margin caps on medical devices under the Drug Price Control Order (DPCO).
-
Centre Expects Anti-Cancer Drug Prices To Fall 20-70 Per Cent Under Proposed Trade Margin Cap
The Centre has told the Supreme Court that capping trade margins on anti-cancer medicines at 30 per cent of their maximum retail price (MRP) is expected to save patients around Rs 2,500 crore annually, with the proposed measure likely to reduce the MRP of such drugs by 20 to 70 per cent.
-
Cancer Drug Prices May Fall By Up To 70% As Government Caps Trade Margins: Sources
According to official sources in the Department of Pharmaceuticals, the new measure is expected to result in reductions of up to 70% in the MRP of certain cancer medicines. The government estimates that the move could lead to annual savings of around Rs 2,500 crore for patients.
-
Tamil Nadu Strengthens Surveillance On Medicine Pricing And Prescription Drug Sales Amid Public Health Concerns
Reports of hospitals charging inpatients at or near the maximum retail price (MRP) for medicines and supplies purchased at discounted rates have prompted Tamil Nadu's Directorate of Drugs Control to order inspections of selected hospitals and their attached pharmacies.
-
'Daylight Robbery Of Patients': Supreme Court Slams 10-Fold Gap In Cancer Drug Prices
The Court expressed displeasure over the disparity in prices and described it as a serious issue affecting patients.
-
Delhi Warns Pharmacies Over 'Up To 80% Off' Ads, Says Discounts Must Be Genuine
The department, however, made it clear that selling medicines below the Maximum Retail Price (MRP) is permitted. Its objection is to vague or exaggerated advertisements that could mislead customers about the discount actually available.
-
Patients To Get Affordable Medicines; NPPA Fixes Retail Prices For 39 New Medicines
Prices have been fixed for medicines used to treat conditions such as high blood pressure, diabetes, heart disease, infections (antibiotics), eye ailments, pain, cancer, HIV, epilepsy, and Vitamin D deficiency.
-
US Woman Says 'We Are Being Robbed' After Discovering Rs 85,000 Pill Costs Just Rs 35 In India
An American woman discovered that a Rs 85,000 ($900) pill in the US costs only Rs 35 (30 cents) in India.
-
'I Am Shocked': Foreigner After Comparing Indian Medicine Prices To US And Australia
A foreigner went viral after praising India's affordable medicines, showing price comparisons with the US and Australia in a social media video.
-
Government Slashes Prices Of 41 Medicines, Including Those For Diabetes, Heart Ailments
The government has reduced the prices of 41 commonly used medicines and six formulations used to treat diseases such as diabetes, heart and liver ailments.
-
Reports Claiming Big Hike In Medicine Prices Are False, Misleading: Centre
The government dismissed the media reports claiming that medicine prices will witness a significant hike by up to 12 per cent from April 2024 and called them false, misleading and malicious.
-
Government Caps Prices of 108 More Medicines; Drugmakers to Take Hit
The notice by the National Pharmaceutical Pricing Authority (NPPA), published on its website on Friday, coincides with moves by the health ministry to widen the list of essential medicines which will be subject to a price cap, people familiar with the matter told Reuters last month.
-
Pak Faces Shortage Of Life-Saving Drugs Due To Weakening Currency: Reports
Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.
-
Pak Faces Shortage Of Life-Saving Drugs Due To Weakening Currency: Reports
Pakistan's drug regulatory authority's controversial pricing policy and the depreciating local currency have led to an acute shortage of imported and life-saving medicines in the debt-ridden country, media reports said on Monday.
-
Several Anti-Cancer Drugs, Antibiotics, Now "Essential Medicines", To Be Cheaper
Several anti-cancer drugs, antibiotics and vaccines will now become more affordable as they are among 34 new additions to the National List of Essential Medicines, with the government saying this will reduce "patients' out-of-pocket expenditure".
