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LATEST NEWS UPDATES | Govt to sell 439 key drugs at low prices -Sushmi Dey

Govt to sell 439 key drugs at low prices -Sushmi Dey

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published Published on Jan 27, 2016   modified Modified on Jan 27, 2016
-The Times of India

NEW DELHI: The government is set to expand the coverage of its Jan Aushadhi scheme. It will offer 439 life-saving medicines, including cancer and cardiovascular drugs, as well as 250 medical devices like stents and implants at 40-50% discounted prices.

The department of pharmaceuticals plans to open 300 Jan Aushadhi stores across the country by March and another 3,000 by 2017. Presently, only 45 medicines are available in 121 such stores.

The roadmap has been drawn under the supervision of Prime Minister's Office (PMO). "The government is concerned about exorbitantly priced medicines to treat critical diseases like cancer, diabetes and cardiovascular conditions ," a government official said, adding that the scheme will bring down prices of essential medicines without using direct price regulation.

The government has floated tenders in a bid to get the new plan rolling. The pharmaceutical retail market is pegged at 099,000 crore annually and is dominated primarily by branded generic products.

Though the government caps prices of 348 essential medicines, new brands and alternatives with better efficacy are launched frequently and continue to be outside price control.

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The Times of India, 27 January, 2016, http://timesofindia.indiatimes.com/india/Govt-to-sell-439-key-drugs-at-low-prices/articleshow/50735281.cms?


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