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:
TAG: Expanding Price Control Detrimental for Pharma Companies CII

(Date:8/27/2014)... Aspirus Wausau Hospital today announced the first ... Digital O.R. at Aspirus Wausau Hospital, in Wausau, WI. ... rooms will be Buzz, a centralized surgical hub for ... planning, navigation, imaging and communications connectivity. , Buzz ... and hardware all controlled from the full HD 42” ...
(Date:8/27/2014)... SCOTT Sports is excited to announce ... mountain bike and BMX park. SCOTT will provide Wasatch ... adult and youth sizes for the park’s rental bike program. ... in Ogden, Utah, recently moved its U.S. headquarters from Sun ... to be a partner with the Wasatch Bike Park, what ...
(Date:8/27/2014)... HealthDay Reporter TUESDAY, Aug. ... the need for blood transfusions might also protect the brains ... (EPO), which stimulates red blood cell production, appears to prevent ... researcher Dr. Petra Huppi, a professor of pediatrics and newborn ... real test of whether EPO protects the brains of these ...
(Date:8/27/2014)... Centre into Microtechnologies, is coordinating the microSCALE ... based on microtechnologies to tackle the problems ... among others. IK4-Ikerlan, Ceit-IK4, IK4-Tekniker, the Mondragon ... microGUNE on this project, which is being ... programme of the Government of the Basque ...
(Date:8/27/2014)... water and oil and are persistent towards aggressive ... characteristics have made the fluorochemicals useful in numerous ... paper and board. , The problem with fluorochemicals ... and accumulate in both humans and the environment. ... effects, such as cancer, increased cholesterol and a ...
Breaking Medicine News(10 mins):Health News:Aspirus Wausau Hospital Announces First Large Scale Digital Operating Room Integration Project in the US 2Health News:Aspirus Wausau Hospital Announces First Large Scale Digital Operating Room Integration Project in the US 3Health News:SCOTT Sports to Sponsor Wasatch Indoor Bike Park 2Health News:Hormone Might Help Preemies' Brains 2Health News:Hormone Might Help Preemies' Brains 3Health News:Microtechnologies for driving forward mobility and human health 2Health News:Leading scientists call for a stop to non-essential use of fluorochemicals 2Health News:Leading scientists call for a stop to non-essential use of fluorochemicals 3
... violence often accompanied by attempts to get young women pregnant ... says that male partners of teenage girls and young women ... to sabotage the birth control the women are using. , ... Contraception , also finds that women who experience both ...
... , PITTSBURGH , Jan. 25 ... for serious athletes, and now the company is throwing its brand ... who know how to push the limits:  Dick,s Sporting Goods ... and energy products and other nutritional supplements is now the presenting ...
... ... ... (FEIN #,s 84-1402*** & 80-0510***, CO Charity #20093014664) is calling on all Cannabis Churches ... issues. "Shamans, Doctors, and Spiritual Leaders have been in charge of healing all the worlds ...
... ... of leading B2B online comparison shopping marketplaces, today announced that it now has the ... can now streamline medical supply procurement by using the www.med32.com multivendor comparison-shopping ... ...
... Young women and teenage girls often face efforts ... pregnancy including damaging condoms and destroying contraceptives ... associated with physical or sexual violence, a study by ... found. Published online today in the January issue ...
... , ... Rehabiltation Services for children (BHRS/Wraparound) offered from the Christian perspective, promote faith-formation. , ... (PRWEB) January 24, 2010 ... teamed up with Parakleseos, LLC, a Christian-based behavioral health practice in Beaver, PA in ...
Cached Medicine News:Health News:Male Abusers Often Sabotage Birth Control With Partners 2Health News:GNC Becomes a Presenting Sponsor for the Pittsburgh Health & Fitness Expo of the Dick's Sporting Goods Pittsburgh Marathon 2Health News:GNC Becomes a Presenting Sponsor for the Pittsburgh Health & Fitness Expo of the Dick's Sporting Goods Pittsburgh Marathon 3Health News:Greenfaith Ministry Calls on Churches & Doctors, to Address all Cannabis Issues and Regulation 2Health News:Greenfaith Ministry Calls on Churches & Doctors, to Address all Cannabis Issues and Regulation 3Health News:Greenfaith Ministry Calls on Churches & Doctors, to Address all Cannabis Issues and Regulation 4Health News:Online Medical Supply Comparison Shopping Service Saves Nursing Homes Money 2Health News:Reproductive coercion often is accompanied by physical or sexual violence, study finds 2Health News:Reproductive coercion often is accompanied by physical or sexual violence, study finds 3Health News:Christian Nonprofit and Behavioral Health Practice Team Up to Help Children 2
(Date:8/27/2014)... ORLANDO, Fla. , Aug. 27, 2014 By ... Challenge, you,re likely not living on this planet. The awareness ... social consciousness and has helped to raise over $88.5 Million ... are getting involved and some companies are starting to as ... in Orlando, Florida , who actually works ...
(Date:8/27/2014)... Aug. 27, 2014 ISPE , the ... has released a preview of its Drug Shortages ... avoid drug shortages and maintain a robust and reliable ... The Plan, a first for the industry, was developed ... members and describes how industry can best prevent drug ...
(Date:8/27/2014)... Aug. 27, 2014 Reportlinker.com announces that ... its catalogue: Global Heart Valve Repair ... http://www.reportlinker.com/p02316644/Global-Heart-Valve-Repair-and-Replacement-Market-2014-2018.html About Heart Valve Repair ... human heart which control the flow of blood ... heart valve diseases such as valvular stenosis, valvular ...
Breaking Medicine Technology:Acorn Stairlifts Gives a Lift to the ALS Ice Bucket Challenge 2ISPE Releases First Look at its Plan to Prevent Drug Shortages 2ISPE Releases First Look at its Plan to Prevent Drug Shortages 3ISPE Releases First Look at its Plan to Prevent Drug Shortages 4Global Heart Valve Repair and Replacement Market 2014-2018 2Global Heart Valve Repair and Replacement Market 2014-2018 3Global Heart Valve Repair and Replacement Market 2014-2018 4
... 24 Schering-Plough Corporation (NYSE: SGP ... selective adenosine2a receptor antagonist, met the primary endpoint ... suffering from moderate to severe Parkinson,s disease experiencing ... The trial results were presented today at the ...
... , Dear President-Elect Obama:, , ... will start with billions of dollars,earmarked for stem cell research. ... is the voice of the Repair Stem Cell research and,treatment ... federal,funding support for our industry and the medical and scientific ...
Cached Medicine Technology:Schering-Plough Reports Preladenant Meets Primary Endpoint in Phase II Dose-Finding Trial for Parkinson's Disease 2Schering-Plough Reports Preladenant Meets Primary Endpoint in Phase II Dose-Finding Trial for Parkinson's Disease 3Schering-Plough Reports Preladenant Meets Primary Endpoint in Phase II Dose-Finding Trial for Parkinson's Disease 4Open Letter to President-Elect Barack Obama From Don Margolis, Chairman and Founder of The Repair Stem Cell Institute 2
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: