-The Telegraph New Delhi: The Union health ministry has banned the sale of formulations with oxytocin through retail Chemists and restricted domestic manufacture to public sector companies amid concerns about the clandestine manufacture and sale of the drug, believed to be misused in the dairy sector. The new rules come into effect from July 1. The government has also banned the import of oxytocin and its formulations, but public and private sector...
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Syringe prices may fall by half or more in January 2018 -Rema Nagarajan
-The Times of India NEW DELHI: The All India Syringes and Needles Manufacturers Association has issued a circular to its members to print the maximum retail price (MRP) on the basis of a maximum of 75% margin from December 24, which is observed as Consumer Day, and to implement this latest by January 26 next year. It also wrote to all foreign manufacturers of syringes, urging them to join the effort to...
More »GST fear: Drug-makers expect shortage of medicines
-The Times of India NEW DELHI: With just a day to go before the roll out of goods and services tax (GST) in India from July 1, the country's drug industry fears that there may be a temporary shortage of medicines as many traders and Chemists are yet to comply with the norms. Though the All India Organisation of Chemists and Druggists, which represents over 8 lakh Chemists, has assured the government...
More »Flawed drug price rules fleeced patients, helped hospitals -GS Mudur
-The Telegraph New Delhi: India's drug pricing rules allow companies to inflate the maximum retail prices of medicines, including life-saving drugs, costing patients thousands of additional rupees while offering slices of the profits to stockists, Chemists, and hospitals. Quotations received by hospitals from drug companies' representatives offering discounts on maximum retail prices (MRPs) of medicines provide what some doctors and patients' rights advocates say is fresh evidence for excessive profiteering in India's...
More »Now, each block to get generic med store -Sushmi Dey
-The Times of India NEW DELHI: The government announced on Friday that 'Janaushadhi' stores will be opened in every block to make low-priced generic medicines available across the country. The scheme is expected to create a "silent revolution" in achieving health security by providing affordable and quality medicines for all. Union minister for chemicals & fertilizers Ananth Kumar said the government plans to open such stores so that doctors and pharmacists cannot push...
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