NEW DELHI : In a bid to provide affordable medicine to all, essential drugs used for the treatment of many life threatening diseases will cost less.
The price of 24 essential medicines used to treat cancer, HIV, bacterial infections, anxiety and cardiac conditions have been capped by the government, reducing the cost by an average of around 25 percent.
Drug pricing regulator said, “National Pharmaceutical Pricing Authority (NPPA) has fixed/revised ceiling prices of 24 scheduled formulations of schedule-I under Drugs (Price Control) Amendment Order, 2016.” It has also capped the retail price of 31 formulations under DPCO, 2013, NPPA said. Bhupendra Singh, chairman NPPA said,
“The prices of 24 drugs have been reduced on an average of 25 percent. In some cases the reduction is 10 to 15 percent while for others it is up to 30 to 35 percent.”
