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LATEST NEWS UPDATES | Holes in cancer drug price cap -GS Mudur

Holes in cancer drug price cap -GS Mudur

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published Published on Apr 1, 2019   modified Modified on Apr 1, 2019
-The Telegraph

Call to govt to adopt 'cost-based' control

The 30 per cent cap on profit margins imposed by India’s drug pricing authority on 42 anti-cancer drugs will have a limited impact on patients’ expenses because many of these medicines’ prices remain “prohibitive”, a network of patients’ rights groups said on Saturday.

The All India Drug Action Network (Aidan) said the National Pharmaceutical Pricing Authority’s cap on profit margins in effect “legitimises” the high prices of many brands. It has asked the government to adopt a “cost-based” price control on all essential medicines.

The cap has indeed reduced the prices of many anti-cancer medicines, with the number of formulations with maximum retail prices under Rs 10,000 increasing from 260 before the cap to 358 after the cap.

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The Telegraph, 1 April, 2019, https://www.telegraphindia.com/india/holes-in-cancer-drug-price-cap/cid/1687941?ref=top-stories_home-template


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