Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Drug prices set to fall by up to 80%-Rupali Mukherjee    </title>
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MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by..."/>
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		 Published on</span><span class="text-date"> May 17, 2013</span>
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                            <div align="justify">-The Times of India</div><p align="justify"><br />MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by 20-25%, and in some life-saving ones, by up to 80%.</p><p align="justify">Prices of 652 formulations under 27 therapeutic areas like anti-allergic (cetrizine), cardiac (aten), gastro-intestinal medicines (ocid), pain-killers ( paracetamol) and anti-diabetic drugs (insulin) are expected to come down. Others in the list include anti-fungal, anti-tuberculosis, anti-leprosy, anti-hypertensives and cancer drugs. In certain cancer drugs, prices may come down by up to 80%.</p><p align="justify">The policy though cleared by the Cabinet on November 22 last year, was delayed due to the absence of the DPCO. The DPCO 2013-as reported by TOI first on May 16-will regulate prices of drug formulations on the basis of a market-based mechanism, as against a cost-based system which existed till now. </p><p align="justify">The government on Thursday notified DPCO with effect from May 15, replacing the 1995 order. The new order will empower the National Pharmaceutical Pricing Policy 2012 to regulate prices of 348 essential drugs, while the existing policy controls only 74 bulk drugs.</p><p align="justify">Over the next few weeks, drug pricing regulator National Pharmaceutical Pricing Authority is expected to announce in tranches the ceiling prices of 652 formulations, which will serve as the benchmark for companies. The industry will be given 45 days to clear the existing stock, and make the relevant changes in their prices.</p><p align="justify">The DPCO, issued under the Essential Commodities Act, 1955, will lay the framework of the drug policy, mechanism of regulating prices and list the 652 commonly-used drug formulations which are being brought under price control. Significantly, imported drugs will also be brought under price control. The policy uses a market-based pricing method: 'the simple average method' for determining the ceiling price of all the molecules (drugs) under a particular therapeutic area with over 1% market share. The price to the consumer will be determined by adding 16% margin (to the retailer) as well as the local taxes to the average price (ceiling price).</p><p align="justify">Addressing the concern of public health NGOs, the DPCO clarifies that companies will not be able to increase prices, in case the ceiling price fixed by the government, is higher than their price. In cases, where existing manufactures, selling the formulations at a price higher than the ceiling price, will have to revise the prices downward.</p><p align="justify">Prices of formulations will be frozen for a year, and will be revised in line as per the annual wholesale price index, in April every year.</p><p align="justify">Significantly, the DPCO has included an enabling provision of fixing the price of a new drug, not available in domestic market, on the principles of &quot;pharmacoeconomics&quot; of the new drug, on the recommendation of a committee. Simply put, pharmacoeconomics means a scientific discipline that compares the therapeutic value of one pharmaceutical drug or drug therapy to another. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms" class="re" target="_blank">The Times of India, 17 May, 2013, http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">Drug prices set to fall by up to 80%-Rupali Mukherjee</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><br />MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by 20-25%, and in some life-saving ones, by up to 80%.</p><p align="justify">Prices of 652 formulations under 27 therapeutic areas like anti-allergic (cetrizine), cardiac (aten), gastro-intestinal medicines (ocid), pain-killers ( paracetamol) and anti-diabetic drugs (insulin) are expected to come down. Others in the list include anti-fungal, anti-tuberculosis, anti-leprosy, anti-hypertensives and cancer drugs. In certain cancer drugs, prices may come down by up to 80%.</p><p align="justify">The policy though cleared by the Cabinet on November 22 last year, was delayed due to the absence of the DPCO. The DPCO 2013-as reported by TOI first on May 16-will regulate prices of drug formulations on the basis of a market-based mechanism, as against a cost-based system which existed till now. </p><p align="justify">The government on Thursday notified DPCO with effect from May 15, replacing the 1995 order. The new order will empower the National Pharmaceutical Pricing Policy 2012 to regulate prices of 348 essential drugs, while the existing policy controls only 74 bulk drugs.</p><p align="justify">Over the next few weeks, drug pricing regulator National Pharmaceutical Pricing Authority is expected to announce in tranches the ceiling prices of 652 formulations, which will serve as the benchmark for companies. The industry will be given 45 days to clear the existing stock, and make the relevant changes in their prices.</p><p align="justify">The DPCO, issued under the Essential Commodities Act, 1955, will lay the framework of the drug policy, mechanism of regulating prices and list the 652 commonly-used drug formulations which are being brought under price control. Significantly, imported drugs will also be brought under price control. The policy uses a market-based pricing method: 'the simple average method' for determining the ceiling price of all the molecules (drugs) under a particular therapeutic area with over 1% market share. The price to the consumer will be determined by adding 16% margin (to the retailer) as well as the local taxes to the average price (ceiling price).</p><p align="justify">Addressing the concern of public health NGOs, the DPCO clarifies that companies will not be able to increase prices, in case the ceiling price fixed by the government, is higher than their price. In cases, where existing manufactures, selling the formulations at a price higher than the ceiling price, will have to revise the prices downward.</p><p align="justify">Prices of formulations will be frozen for a year, and will be revised in line as per the annual wholesale price index, in April every year.</p><p align="justify">Significantly, the DPCO has included an enabling provision of fixing the price of a new drug, not available in domestic market, on the principles of &quot;pharmacoeconomics&quot; of the new drug, on the recommendation of a committee. Simply put, pharmacoeconomics means a scientific discipline that compares the therapeutic value of one pharmaceutical drug or drug therapy to another. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms" class="re" target="_blank">The Times of India, 17 May, 2013, http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms</a><div class="clear"></div>
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-The Times of India



MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by..." />
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    <h1 class="cat-box-title">Drug prices set to fall by up to 80%-Rupali Mukherjee</h1>
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                            <div align="justify">-The Times of India</div><p align="justify"><br />MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by 20-25%, and in some life-saving ones, by up to 80%.</p><p align="justify">Prices of 652 formulations under 27 therapeutic areas like anti-allergic (cetrizine), cardiac (aten), gastro-intestinal medicines (ocid), pain-killers ( paracetamol) and anti-diabetic drugs (insulin) are expected to come down. Others in the list include anti-fungal, anti-tuberculosis, anti-leprosy, anti-hypertensives and cancer drugs. In certain cancer drugs, prices may come down by up to 80%.</p><p align="justify">The policy though cleared by the Cabinet on November 22 last year, was delayed due to the absence of the DPCO. The DPCO 2013-as reported by TOI first on May 16-will regulate prices of drug formulations on the basis of a market-based mechanism, as against a cost-based system which existed till now. </p><p align="justify">The government on Thursday notified DPCO with effect from May 15, replacing the 1995 order. The new order will empower the National Pharmaceutical Pricing Policy 2012 to regulate prices of 348 essential drugs, while the existing policy controls only 74 bulk drugs.</p><p align="justify">Over the next few weeks, drug pricing regulator National Pharmaceutical Pricing Authority is expected to announce in tranches the ceiling prices of 652 formulations, which will serve as the benchmark for companies. The industry will be given 45 days to clear the existing stock, and make the relevant changes in their prices.</p><p align="justify">The DPCO, issued under the Essential Commodities Act, 1955, will lay the framework of the drug policy, mechanism of regulating prices and list the 652 commonly-used drug formulations which are being brought under price control. Significantly, imported drugs will also be brought under price control. The policy uses a market-based pricing method: 'the simple average method' for determining the ceiling price of all the molecules (drugs) under a particular therapeutic area with over 1% market share. The price to the consumer will be determined by adding 16% margin (to the retailer) as well as the local taxes to the average price (ceiling price).</p><p align="justify">Addressing the concern of public health NGOs, the DPCO clarifies that companies will not be able to increase prices, in case the ceiling price fixed by the government, is higher than their price. In cases, where existing manufactures, selling the formulations at a price higher than the ceiling price, will have to revise the prices downward.</p><p align="justify">Prices of formulations will be frozen for a year, and will be revised in line as per the annual wholesale price index, in April every year.</p><p align="justify">Significantly, the DPCO has included an enabling provision of fixing the price of a new drug, not available in domestic market, on the principles of &quot;pharmacoeconomics&quot; of the new drug, on the recommendation of a committee. Simply put, pharmacoeconomics means a scientific discipline that compares the therapeutic value of one pharmaceutical drug or drug therapy to another. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms" class="re" target="_blank">The Times of India, 17 May, 2013, http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms</a><div class="clear"></div>
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Home हिन्दी

Drug prices set to fall by up to 80%-Rupali Mukherjee

Published on May 17, 2013   Modified on May 17, 2013

-The Times of India MUMBAI: The government on Thursday issued the long-pending drug price control order, paving the way for the implementation of national pharmaceutical pricing policy, which will lead to a reduction in prices of medicines on an average by 20-25%, and in some life-saving ones, by up to 80%. Prices of 652 formulations under 27 therapeutic areas like anti-allergic (cetrizine), cardiac (aten), gastro-intestinal medicines (ocid), pain-killers ( paracetamol) and anti-diabetic drugs (insulin) are expected to come down. Others in the list include anti-fungal, anti-tuberculosis, anti-leprosy, anti-hypertensives and cancer drugs. In certain cancer drugs, prices may come down by up to 80%. The policy though cleared by the Cabinet on November 22 last year, was delayed due to the absence of the DPCO. The DPCO 2013-as reported by TOI first on May 16-will regulate prices of drug formulations on the basis of a market-based mechanism, as against a cost-based system which existed till now. The government on Thursday notified DPCO with effect from May 15, replacing the 1995 order. The new order will empower the National Pharmaceutical Pricing Policy 2012 to regulate prices of 348 essential drugs, while the existing policy controls only 74 bulk drugs. Over the next few weeks, drug pricing regulator National Pharmaceutical Pricing Authority is expected to announce in tranches the ceiling prices of 652 formulations, which will serve as the benchmark for companies. The industry will be given 45 days to clear the existing stock, and make the relevant changes in their prices. The DPCO, issued under the Essential Commodities Act, 1955, will lay the framework of the drug policy, mechanism of regulating prices and list the 652 commonly-used drug formulations which are being brought under price control. Significantly, imported drugs will also be brought under price control. The policy uses a market-based pricing method: 'the simple average method' for determining the ceiling price of all the molecules (drugs) under a particular therapeutic area with over 1% market share. The price to the consumer will be determined by adding 16% margin (to the retailer) as well as the local taxes to the average price (ceiling price). Addressing the concern of public health NGOs, the DPCO clarifies that companies will not be able to increase prices, in case the ceiling price fixed by the government, is higher than their price. In cases, where existing manufactures, selling the formulations at a price higher than the ceiling price, will have to revise the prices downward. Prices of formulations will be frozen for a year, and will be revised in line as per the annual wholesale price index, in April every year. Significantly, the DPCO has included an enabling provision of fixing the price of a new drug, not available in domestic market, on the principles of "pharmacoeconomics" of the new drug, on the recommendation of a committee. Simply put, pharmacoeconomics means a scientific discipline that compares the therapeutic value of one pharmaceutical drug or drug therapy to another.

The Times of India, 17 May, 2013, http://timesofindia.indiatimes.com/business/india-business/Drug-prices-set-to-fall-by-up-to-80/articleshow/20099203.cms

Tagged with: medicines Health Inflation generic drugs

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