Public saved Rs 11,463 crore from drug price cap, says minister
Updated : July 25, 2018 06:34 AM IST
Till June 2018, the government has fixed the ceiling prices of 851 medicines, including 4 medical devices under revised schedule - I based on National List of Essential Medicines, 2015.
The National Pharmaceutical Pricing Authority (NPPA), as an ongoing process, fixes the ceiling prices of the formulations as and when formulations are included in the National List of Essential Medicines (NLEM).
The minister added that manufacturers of non-scheduled medicines can increase more than 10 percent on the ceiling prices.
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