Press Esc to close
Sunday 27 July 2014
News updated at 12:33 AM IST
Weather
Max: 29.2°C
Min : 20.3°C
In Bangalore
Sunny day

Life saving drugs' prices set to fall soon

New Delhi, May 16, 2013 (PTI)
Reuters Image

 Prices of 348 medicines, including life saving drugs, will be cheaper soon by up to 80 per cent as the new Drug Price Control Order has come into effect.

Industry experts said the implementation of the new drug policy will lead to slashing of prices of many anti-cancer and anti-infective drugs by 50-80 per cent.

According to the website of Department of Pharmaceuticals, the government has notified the Drug Prices Control Order (DPCO), 2013, with effect from May 15, replacing the 1995 order.
The new order will give power to the National Pharmaceutical Pricing Policy (NPPP) 2012 to regulate prices of 348 essential drugs.


Drug Prices Control Order 1995 regulated prices of only 74 bulk drugs.

The NPPP 2012 was approved by the Cabinet on November 22, 2012 and later it was notified on December 7, 2012.

As per the new drugs policy, all strengths and dosages specified in the National List of Essential Medicines (NLEM) 2011 will be under price control.

According to the approved policy, prices of medicines will now be capped by taking simple average of all brands which have more than one per cent market share instead of input costs.

The DPCO 2013, issued under the Essential Commodities Act, 1955, will lay the framework of the drug policy and mechanism of regulating prices.

According to it, the National Pharmaceuticals Pricing Authority (NPPA) will be the implementation authority for the new policy and the new DPCO.

NPPP-2012 took long to finalise due to differences between ministries of health and chemicals and fertilisers. Other stakeholders, industry and NGOs had also expressed their concerns on the pricing model which was suggested.

Go to Top

Photo Gallery
A policman in action during violent clashes between two communities over a land dispute...

A policman in action during violent clashes between two communities over a land dispute...

Pope Francis waves as he arrives at the palace of Caserta...

Pope Francis waves as he arrives at the palace of Caserta...

Scotland's Roddy Grant (R) tries to break a tackle by New Zealand's Scott Curry during men's Rugby..

Scotland's Roddy Grant (R) tries to break a tackle by New Zealand's Scott Curry during men's Rugby..

People from Vadsar village being rescued after flood at Vadodara district of south Gujarat ...

People from Vadsar village being rescued after flood at Vadodara district of south Gujarat ...

People hold national flags and watch a musical tribute to war heroes of Kargil war...

People hold national flags and watch a musical tribute to war heroes of Kargil war...

Wooden sailing boats take part in an exhibition regatta on Lake Leman near La Tour-de-Peilz...

Wooden sailing boats take part in an exhibition regatta on Lake Leman near La Tour-de-Peilz...

Protesters gather during a banned demonstration in support of Gaza in central Paris...

Protesters gather during a banned demonstration in support of Gaza in central Paris...

Bollywood actress Zarine Khan along with her ...

Bollywood actress Zarine Khan along with her ...

England bowler James Anderson arrives for a ...

England bowler James Anderson arrives for a ...

Muslim women shop for Eid festival at a market in Allahabad ...

Muslim women shop for Eid festival at a market in Allahabad ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523