Kerala has become the first State to set up a price monitoring and research unit (PMRU).
It aims to track violation of prices of essential drugs and medical devices under the Drugs Price Control Order.
This move comes more than five years after the National Pharmaceutical Pricing Authority (NPPA) proposed such a system for the States and the Union Territories.
State Health Secretary would be the Chairman of the society and the Drugs Controller would be its member secretary.
Its members include a State government representative, representatives of private pharmaceutical companies, and those from consumer rights protection fora.
The society would also have an executive committee headed by the Drugs Controller.