Indian Govt strips pharma pricing regulator’s powers to cap non-essential drug prices – Zeenews
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The Indian government has stripped drug pricing authority NPPA of powers to cap prices of non- essential drugs after its recent order triggered industry protests.
The Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers on Friday ordered the National Pharmaceutical Pricing Authority (NPPA) to withdraw a guideline under the Drug (Prices Control) Order of 2013 that gave the pricing authority powers to cap prices of non-essential drugs.
NPPA complied with the order yesterday. The order, however, will be effective prospectively.
The drug pricing authority, in a statement late last night, said it was withdrawing “with immediate effect” a May 29 guideline that put price caps on certain (non-essential) drugs used for treatment of cancer, HIV and cardiovascular diseases.
It, however, did not mention of its July 10 order that capped prices of 108 non-essential drugs.
Read more – Zeenews