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LATEST NEWS UPDATES | Drugs for BP, cancer among 54 to see up to 55% price cut -Sushmi Dey

Drugs for BP, cancer among 54 to see up to 55% price cut -Sushmi Dey

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published Published on May 12, 2016   modified Modified on May 12, 2016
-The Times of India

NEW DELHI: Drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) has slashed prices of 54 essential medicines by up to 55%, including commonly used drugs for cancer (brain and breast), hypertension, diabetes, antibiotics and other heart disorders.

The move is aimed at bringing down prices of commonly used drugs for critical diseases by expanding span of price regulation to cover new drugs, NPPA Chairman Bhupinder Singh told TOI.

In a notification issued on Tuesday, the regulator ordered manufacturers, distributors and retailers to implement the ceiling prices with immediate effect.

The 54 drugs are part of the revised National List of Essential Medicines, 2015. The heath ministry had come out with the new list in December increasing the span of price control from 684 to 875 medicines. The NPPA has so far capped prices of 280 new drugs which are part of the revised list. This is the second price revision in the last 15 days. On April 28, the regulator had fixed prices of another 54 drugs.

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The Times of India, 12 May, 2016, http://timesofindia.indiatimes.com/india/Drugs-for-BP-cancer-among-54-to-see-up-to-55-price-cut/articleshow/52230043.cms


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