Navigation Links
Hike in drug licence fee could hit several SSI units in TN

The recent hike in the drug manufacturing licence fee and product inspection fee could badly hit several small scale drug units in Tamil Nadu. According to industry sources here, the steep hike in the licensing fees has come at a time when the industry in the state is reeling under tight market conditions with many companies on the brink of closure. //

The drug manufacturing licence fee in the state has been raised from Rs. 1500 to Rs. 5000 per product. The new rate for product inspection is pegged at Rs. 300 per product if a company manufactures more than 10 products. If a company manufactures less than 10 products, the inspection rate is Rs. 250 per product. The Drug Administration, Tamil Nadu claimed that the hike in the respective fees has been warranted for the fact that the respective fees have not been hiked for more than a decade.

The Drug Administration is of the opinion that the hike in the fees is no deterrent to the companies in that the latter should be able to pay the licence fees from the market share they have achieved for their products over the last few years paying the fees that prevailed a decade back. What companies are worried is that the renewal of licences is coming up this December. With bad market conditions and intense competition, these units would find it difficult to pay the licence fees.


'"/>




Page: 1

Related medicine news :

1. A success for the Indian pharmacy: gets licence to manufacture Tamiflu
2. Virus Level could Predict Cervical Cancer Risk
3. Beware of the oral patch! It could be cancer!!!
4. Prozac miracle could end in disaster
5. Wonder drug - could end in disaster
6. Pollution could be a risk
7. Fright could be more harmful
8. Pregnant smokers could harm their child
9. Snoring could be a warning
10. Anthrax drug doxycycline could stunt fetal growth
11. Lengthy Fingers could predict heart attacks
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:5/24/2016)... ... ... New Brunswick, New Jersey: This year marks Children’s Specialized Hospital ’s 125th ... the anniversary, the hospital has themed the milestone “Hats Off” and kicked off the ... on Saturday, May 21, at Johnson Park in Piscataway, New Jersey. , ...
(Date:5/24/2016)... — , ... (PRWEB) ... of three new members of its Advisory Board. Joining the ... Sarah Kusch. “All three of them embody the mission of our ... are very fortunate to have them as we continue to expand ...
(Date:5/24/2016)... ... ... Boyd Industries, a leading supplier of dental chairs and cabinetry , will ... dentistry , at AAPD 2016, the annual conference and trade show of the American ... keeps dental hand pieces and other anxiety-provoking pieces of the dental delivery system out ...
(Date:5/24/2016)... Angeles, CA (PRWEB) , ... May 24, 2016 ... ... to everything egg freezing, today announced the official relaunch of its community and ... use their frozen eggs. Eggsurance's mission is to create a safe and welcoming ...
(Date:5/24/2016)... Maryland (PRWEB) , ... May 24, 2016 , ... ... announced the appointment of Jonathan (Jon) Otterstatter to its board of ... is a proven leader in the development of technological innovations that lead to ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... , May 23, 2016 ... titled, " Exocrine Pancreatic Insufficiency Market - Global Industry ... 2023 ." According to the report, the exocrine pancreatic ... of 8.3% from 2015 to 2023 to reach US$2.85 ... is a condition characterized by the deficiency of the ...
(Date:5/23/2016)... -- The World Health Organization (WHO) expanded the Intended Use ... aged 13 years, and above. Effective immediately, the PrePex device, ... adolescent males in the 14 priority countries in Southern and ... male circumcision device to receive WHO Prequalification on 31 May ... said: " The expanded use of PrePex for ...
(Date:5/23/2016)... 23, 2016 Gamida Cell, a ... of cancer and orphan genetic diseases, announced today it ... million from the Israel Innovation Authority (formerly the Office ... Economy and Industry. The mission of the Israel Innovation ... industries, including science and technology, while stimulating economic growth. ...
Breaking Medicine Technology: