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LATEST NEWS UPDATES | India on radar as Trump aims for cheaper drugs?

India on radar as Trump aims for cheaper drugs?

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published Published on Oct 18, 2017   modified Modified on Oct 18, 2017
-The Times of India and other agencies

WASHINGTON: United States President Donald Trump has promised to bring the cost of prescription drugs in the country "way down" and let other countries pay more for these medicines.

If effected, Trump's new policy on prescription drugs, dicussed with his cabinet at the White House on Monday, could have grave implications for India. The US has long had a grouse with India over its patent regime for pharmaceuticals. The Indian law sets the bar higher than most countries, including US, for which medicines deserve patents, allowing people to gain access to generic options sooner. India's regulatory system, which has efficiently delivered a pipeline of affordable and adapted generic medicines such as those used in the treatment of HIV, hepatitis C, TB and cancer, is also under the lens of US government.

Trump told members of his cabinet that the prices of prescription drugs in the US had "gone through the roof".

"If you look at the same drug by the same exact company made in the same exact box and sold some place else, sometimes it's a fraction of what we pay in this country," he said. Trump did not mention any country, but his policy could have implications for India.

This is because, for instance, earlier this year, India's National Pharmaceutical Pricing Authority (NPAA) fixed the price of drug eluting stents at $450 and bare metal stents at $110. The NPAA has said that it intended to take similar measures for other costly medical devices.

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The Times of India, 18 October, 2017, https://timesofindia.indiatimes.com/world/us/india-on-radar-as-trump-aims-for-cheaper-drugs/articleshow/61125746.cms


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