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Govt mulls bringing cancer, AIDS drugs under price control

National Pharmaceutical Pricing Authority met recently to consider ways of bringing medicines, which are not covered by the list of essential drugs, under some regulatory ambit in order to check prices.NEW DELHI: Drug prices regulator NPPA is looking at bringing medicines used for treating diseases such as cancer, AIDS and malaria under the price control mechanism.The National Pharmaceutical Pricing...
Source : Times Of India |
Category : National

Government mulls bringing cancer, AIDS drugs under price control

Drug prices regulator NPPA is looking at bringing medicines used for treating diseases such as cancer, AIDS and malaria under the price control mechanism. The National Pharmaceutical Pricing Authority met recently to consider ways of bringing medicines, which are not covered by the list of essential drugs, under some regulatory ambit in order to check prices, sources said."We are examining the possible...
Source : IBNLive |
Category : Health | City : New Delhi

See prices of cardiac drugs reduce by 15-50%: Ex-MD Pfizer

According to Kewal Handa, the pricing regulator (NPPA) has fixed prices of medicines that are not included in the national list of essential medicines (NLEM) and may also add more drugs, especially the cancer drugs going ahead.It will take a while for most companies including Indian companies to recover their losses because these drugs are used regularly by the patients and the prices now being set...
Source : Moneycontrol |
Category : Business

Drug companies to raise trade margins

Shortage of essential medicines on retail shelves may be over soon with major companies like Cipla, Mankind Pharma and Torrent deciding to give in to the demand of higher trade margins and hoping to end the stalemate between the industry and chemists.">Shortage of essential medicines on retail shelves may be over soon with major companies like Cipla, Mankind Pharma and Torrent deciding to give in to...
Source : Times Of India |
Category : City

Get cheaper medicines from today

Your medicine bill will come down substantially from today, thanks to aruling to reduce prices of prescription drugs as instructed by the National Pharmaceutical Pricing Authority (So, starting December 25, more then 620 formulations of 348 essential bulk drugs under the national list of essential medicine would be sold at much cheaper rates.It is expected that prescription drugs price will get reduced...
Source : Times Of India |
Category : City | City : Lucknow

Drug stocks take a tumble

Shares of pharma companies took a hard knock today after the National Pharmaceutical Pricing Authority (NPPA) fixed the price of medicines used to treat diabetes and cardiac disorders.Shares of Sanofi fell over 10 per cent as market circles felt the company would be worst affected. The Sanofi scrip plummeted Rs 325.40 to Rs 2,904.60 on the BSE. Selling was also seen in other pharma scrips: Cipla lost...
Source : Telegraphindia |
Category : Business | City : Mon

Drug price regulator runs into vanishing cos

India's drug price regulator has a unique problem. As it moves to revise the prices of medicines, it has found that the manufacturers of as many as 55 of them have simply gone missing."There is no information available for 55 random formulations and we may exclude them from the list of price fixation," CP Singh, chairman, Drug price watchdog National Phar maceutical Pricing Authority (NPPA) told HT.On...
Source : Yahoo Finance |
Category : Personal Finance | City : New Delhi

Regulator to chase drug cos on overcharging

Drug-price regulator, National Pharmaceutical Pricing Authority (NPPA) is set to chase drug majors for defaulting on penalties imposed for overcharging consumers. The defaulters include Cipla Healthcare, Lupin Limited, Dr. Reddy’s, Cadila and Baxter Pharmaceuticals among many others.NPPA has issued a list of 1,018 cases, since its inception in 1997 up to March 2014, demandingNPPA has now decided to...
Source : Hindustan Times |
Category : Business | City : Delhi

Cipla faces Rs 105-cr penalty for overcharging

charge was that Cipla sold Cipro injection and Ciplox in the market allegedly at a price more than what was fixed.Report said that charge was that Cipla sold Cipro injection and Ciplox in the market allegedly at a price more than what was fixed.Another penalty decision of a little over Rs 1,700 crore is pending against the company the notices were issued this January), says media reports.It's...
Source : Indiainfoline |
Category : Business | City : Mumbai

China Relaxes Price Caps for Low-Cost Drugs

top economic planning agencyhas relaxed mandatory retail price caps for a list ofin a move to encourage more manufacturers to produce thecommonly used medicines and prevent supply shortages.Price limits for 283 Western drugs such as the antibioticamoxicillin, and 250 types of traditional Chinese medicines willbe partially eased effective immediately, the NationalDevelopment and Reform Commission announced...
Source : Bloomberg |
Category : Health
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