India to cut pharma prices

Dhaka,  Tue,  22 August 2017
Published : 17 May 2017, 14:53:46

India to cut pharma prices

India to cut pharma prices
In a bid to cut prices of medicines and various other pharmaceutical products, Indian government is planning to bring a new pharmaceutical pricing policy. 

The policy may be stricter and in line with the Prime Minister Narendra Modi's directive of making drugs affordable for the poor, according to a report of Economic Times.

The policy is also likely to bring more products under its purview. 

The Niti Aayog, known as the think tank of the government, along with the department of pharmaceuticals have already started discussions in this direction. 

One finalise, the policy will replace the existing National Pharmaceutical Pricing Policy, 2012 -which forms the core of the Drugs Price Control Order, 2013 and hence drives prices of all essential medicines as well as many other pharmaceutical products including stents and medical devices.

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