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NPPA caps prices of 51 essential medicines
November 27 , 2017
2583 days
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- The National Pharmaceutical Pricing Authority has capped the prices of 51 essential formulations, including those used for the treatment of cancer, pain, heart conditions and skin problems.
- The prices have been slashed in the range of 6 to 53 per cent.
- In respect of medicines that are not under the price control, manufacturers are allowed to increase the maximum retail price by 10 per cent annually.
- NPPA is an independent body under Department of Pharmaceuticals under Ministry of Chemicals and Fertilizers.
- Set up in 1997, NPPA has been entrusted with the task of fixation/revision of prices of pharma products, enforcement of provisions of Department of Pharmaceuticals and monitoring of prices of controlled and decontrolled drugs.
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