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LATEST NEWS UPDATES | Out of essentials list, prices of 100 drugs may increase by 10% -Sushmi Dey

Out of essentials list, prices of 100 drugs may increase by 10% -Sushmi Dey

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published Published on Sep 25, 2016   modified Modified on Sep 25, 2016
-The Times of India

NEW DELHI: Prices of around 100 medicines, including those for Alzheimer's, diabetes and hypertension, could rise by up to 10% after they were removed from the national list of essential medicines. Though the move is likely to impact consumers, it comes as a relief to drug makers reeling under stringent price regulation for over a year.

Overruling a previous order by the drug price regulator, the Centre has allowed firms to hike prices of medicines that are no longer part of the NLEM and hence don't fall under direct price control. Earlier, the National Pharmaceutical Pricing Authority (NPPA) — which monitors prices of medicines in the country on behalf of the government — had prohibited price hike of such products for at least a year.

After a number of companies approached the government against the NPPA order, the Department of Pharmaceuticals (DoP) has directed the pricing authority to withdraw its earlier order. This is for the first time in one and a half years when the Centre has allowed a hike in prices of a large number of medicines, the last one on around 500 drugs having come in April 2015 based on increase in wholesale price index.

The government directly regulates prices of medicines that are part of NLEM by capping their ceiling prices at the simple average of all drugs in a particular segment with market share of at least 1%. For all other medicines, companies are allowed to hike prices by up to 10% in a year.

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The Times of India, 25 September, 2016, http://timesofindia.indiatimes.com/india/Out-of-essentials-list-prices-of-100-drugs-may-increase-by-10/articleshow/54503890.cms


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