Pharma companies request government to raise ceiling prices, says report
Updated : August 23, 2018 08:55 AM IST
The pharmaceutical companies have asked the government to raise the ceiling prices of drugs, at least on a temporary basis.
The request comes in as the prices for the raw materials and the squeeze in margins are compelling the drug firms to cut their production, which can impact the availability.
The ceiling price for these drugs have been set by the National Pharmaceutical Authority (NPPA) and is reviewed every year.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more