Press Esc to close
Friday 28 April 2017
News updated at 11:15 PM IST

Life saving drugs' prices set to fall soon

New Delhi, May 16, 2013 (PTI) 19:41 IST
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 lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

A lion beats the heat by relaxing under a tree at Dr Shivaram Karnath Biological Park...

A fan performs 'Abhiske' of a poster of 'Bahubali 2: The Conclusion' at a cinema hall...

A fan performs 'Abhiske' of a poster of 'Bahubali 2: The Conclusion' at a cinema hall...

Salesperson attends to customer, inside a jewellery showroom during Akshaya Tritiya, a major...

Salesperson attends to customer, inside a jewellery showroom during Akshaya Tritiya, a major...

BCCI COA member Vinod Rai and cricket legend Sachin Tendulkar release author Devendra...

BCCI COA member Vinod Rai and cricket legend Sachin Tendulkar release author Devendra...

Activists of Congress party hold placards and raise slogans during a protest against state...

Activists of Congress party hold placards and raise slogans during a protest against state...

Kempegowda International Airport customs seized Gold Biscuits...

Kempegowda International Airport customs seized Gold Biscuits...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Fireworks at Golden temple on the occasion of the Birth Anniversary of the second Guru...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

Bollywood actor Akshay Khanna during the cremation of his father veteran actor Vinod Khanna...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

A tiger enjoys water bath on a hot summer afternoon at Surat Zoo...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Senior Wildlife Veterinarian Sharvan Singh Rathore plays with a Lion Cub ‘Kailash’...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.