Navigation Links
Impact of New Drug Retail Prices Soon: Paswan

Consumers will feel the full impact of the new pricing regime for hundreds of generic drugs in a month when the current stocks with chemists were phased out//, Chemicals and Fertiliser Minister Ram Vilas Paswan said Tuesday.

"The agreement by the pharma industry to reduce the retail margin for generic and generic branded drugs has been implemented as scheduled on Oct 2 (Monday). The package of new pricing for around 1,000 drugs should have been implemented," Paswan told IANS.

"The full impact of the new pricing regime - with wholesale margins being kept at 15 percent and retail margins at 35 percent - will be felt in a month as we have agreed to give the pharma industry time till Nov 2 to phase out the current stocks with old minimum retail price (MRP) in retail outlets," he said.

The move to limit the margins at the wholesale and retail end has been worked out by the government and the industry as per the directive of the Supreme Court and is expected to make drugs more affordable, particularly for the poor.

Under the new regime, the MRP will be inclusive of the local taxes.

Effectively, the prices of hundreds of generic and branded generic drugs will be cheaper up to 80 percent in some cases.

Source-IANS
'"/>




Page: 1

Related medicine news :

1. Impact on Lung function based on exposure
2. Personality Impacts Arthritis
3. Support Services found to Dramatically Impact Pediatric Health Care
4. The Impact of Stress Early In Life
5. Environmental Factors Found To Have An Impact On The Sex of A Child
6. Environmental Factors Found To Have An Impact On The Sex of A Child
7. Negative Impact Of Hepatitis C Infection In Renal Transplant Recipients
8. Earth Will Feel The Impact Of Global Warming
9. Obesity Has Adverse Impact On Breast Cancer Survival
10. Clinical Impact of Activity and Abdominal Pressure on Pelvic Floor Dysfunction Need to Be Further Analyzed
11. Impact Of Late Motherhood on Children
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/25/2016)... , ... June 25, 2016 , ... ... policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at ... on several important health care topics including advance care planning, healthcare costs and ...
(Date:6/25/2016)... ... 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX users can easily ... of Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures ... . Simply select a ProHand generator and drag it above media or text in ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson has ... he has implemented orthobiologic procedures as a method for treating his patients. The ... first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use ...
(Date:6/24/2016)... ... ... A recent article published June 14 on E Online details ... to state that individuals are now more comfortable seeking to undergo not only the ... and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians (BHP) notes ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Marcy was in a crisis. Her son James, ... out at his family verbally and physically. , “When something upset him, he couldn’t control ... use it. He would throw rocks at my other children and say he was going ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... Mass. and SAN CLEMENTE, Calif. , ... California -based mobile pulmonary function testing company, is now able ... PFT devices developed by ndd Medical Technologies , Inc. ... testing done in hospital-based labs.  Thanks to ndd,s EasyOne PRO ® ... , can get any needed testing done in the comfort ...
(Date:6/24/2016)... Belgium , June 24, 2016 /PRNewswire/ ... announced the appointment of Dr. Edward Futcher ... a Non-Executive Director, effective June 23, 2016.Dr. Futcher ... and Nominations and Governance Committees.  As a non-executive ... provide independent expertise and strategic counsel to VolitionRx ...
(Date:6/23/2016)... 23, 2016 Any dentist who has made an ... current process. Many of them do not even offer this ... and high laboratory costs involved. And those who ARE able ... such a high cost that the majority of today,s patients ... Parsa Zadeh , founder of Dental Evolutions Inc. and ...
Breaking Medicine Technology: