Navigation Links
Expanding Price Control Detrimental for Pharma Companies: CII

Expressing concern over the proposal to expand price control from 74 to 354 drugs in the proposed national pharmaceutical policy//, industry chamber CII today said the step will prove detrimental to the growth of the industry as well as the economy.

"Healthy competition between pharma companies already ensures reasonable pricing. Instead of affecting the growth by over regulation, it would be better to allow market forces to determine prices," CII's National Committee on Drugs and Pharmaceuticals Chairman Ajay Piramal told reporters after a meeting with the committee members here.

The committee suggested that the government should maintain 'status quo' on the current 74 bulk drugs under cost based price control and effective monitoring of the National List of Essential Medicines (NLEM) drugs to control any abnormal price increase.

It also proposed to allow government agencies to procure at a ceiling price of 50 per cent of MRP voluntarily and provide adequate incentives for R&D oriented Indian companies.

"Any sudden regulatory shocks like increased price contro would be detrimental to the industry and the economy," Piramal said.

Quoting independent studies, Piramal said that there had been an average five per cent decline in real terms over the last four years and drug prices in India are among the lowest in the world.

He pointed out that product patent regime will impact the industry leading to higher investment requirement for R&D.

"Large investments in R&D are critical for affordable medicines in the future," he said.

Source:PTI News
'"/>




Page: 1

Related medicine news :

1. Obesity And Expanding Waistlines the next Epidemic in USA
2. Expanding waistlines: Only a tip of the iceberg?
3. Drug Prices in India to be Monitored - NPPA to Tie up with ORG
4. Price Of Alcohol Does Not Influence Consumption
5. Delhi Sees Sharp Decline In Chicken Prices
6. Prices of eggs, egging its way upwards
7. Chicken Prices Show an Upward Trend – Consumers, Not Scared Chicken Anymor
8. The Price Of Autism
9. The Price Paid for New Lifestyle
10. Drug Prices Hit The Roof In Malaysia
11. IVF Price To Be Reduced If Women Opt For Egg Sharing Scheme
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:5/27/2016)... ... May 27, 2016 , ... Each year ... medicine. Allison Outerbridge is this year’s Life University winner of a ... the university’s Student Leadership Awards ceremony. , Outerbridge is approaching her last quarter ...
(Date:5/26/2016)... ... 26, 2016 , ... Cabot Corporation, Pfizer, and 3M are ... court documents and SEC filings. A jury has returned a verdict of ... Corporation, Case No. BC588866, Los Angeles County, California. The jury awarded $22.8 million ...
(Date:5/26/2016)... ... 2016 , ... The Woodlands at John Knox Village , Florida’s first ... for living and healing, celebrated its grand opening, today. The Woodlands at John Knox ... by Empowered Staff. , “This is an incredibly fulfilling time for John Knox Village ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... the Foundation Fighting Blindness, Long Island Chapter on June 4, 2016, 1:30-3:30 pm ... Dr. Maisel, founder of Retina Group of New York , is a ...
(Date:5/26/2016)... ... May 26, 2016 , ... Eating Recovery Center, Washington ... opening a brand new child and adolescent residential treatment center on June 1. ... even more specialized eating disorder treatment and access to life-saving care. , To ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... 2016 ARANZ Medical  Ltd a ... sector, has been named the Coretex Hi-Tech Emerging Company of ... Dr Bruce Davey , CEO of ARANZ Medical ... really good to be recognised for the work we are ... used in 35 countries around the world from Sub-Saharan Africa ...
(Date:5/24/2016)... -- The innovator of COMBO ... s first dual therapy stent, introduces catheters for lower ... a global company specializing in the provision of life-changing ... to treat peripheral artery disease. The JADE™ and Scoreflex™ ... lower limb and arteriovenous (AV) fistula intervention. ...
(Date:5/24/2016)... May 24, 2016 Dutch surgeons have launched ... around the world and treat patients on a global scale. Medical ... , Asia and the US have already ... messaging and networking in a totally secure environment. Education  ... war zone working together with a surgeon at Harvard to treat ...
Breaking Medicine Technology: