-The Hindu The current market prices are essentially over and above the actual cost of production - a difference that could run from 100 per cent to 5,600 per cent, depending upon various therapeutic categories In a liberalised market economy, do we need price controls on drugs? Policymakers and the pharmaceutical industry do not think so. They believe that price controls are an inefficient tool that distorts resource allocation, squeezes revenue, reduces...
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Maharahstra, TN account for 36% of sub-standard drugs -Kounteya Sinha
-The Times of India Almost one in three drugs (36%) found "not of standard quality" from across India last year were from Maharashtra (23%) and Tamil Nadu (13%) alone. Around 9.2% of the rest of the sub-standard quality drugs were from Kerala, Gujarat (8.5%), Karnataka (7.2%), Uttar Pradesh (6.9%), Jammu & Kashmir (6.08%) and Rajasthan (5.8%). Union health minister Ghulam Nabi Azad said on Tuesday that of the 48, 082 drug samples tested...
More »Panel suggests price control in Essential Drug List by Kounteya Sinha
Drug prices have shot up phenomenally in India over the past decade and a half. A Planning Commission's expert group says there was nearly 40% rise in all drug prices between 1996 and 2006, thanks to the nation's pricedecontrol policies of the 1990s. Citing a study conducted in 2008, the Commission's high-level expert group (HLEG) on universal health coverage, headed by Dr K Srinath Reddy, says during the same period...
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