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:1/23/2017)... (PRWEB) , ... January 23, 2017 , ... ... paper on Crystallization in Process Chemistry by Applying Simple PAT Tools . ... organic compounds to isolate and purify the desired product. Chemists now spend ...
(Date:1/23/2017)... ... ... is a set of camera tools that allow video editors to integrate up to two ... Christina Austin - CEO of Pixel Film Studios. , With ProRandom, video editors can ... ProRandom works by using a virtual camera to create the illusion of a shaky camera. ...
(Date:1/23/2017)... ... 2017 , ... Gynecology Associates of Gwinnett (GAoG) has become ... for women of all ages. The staff of Gynecology Associates of Gwinnett is ... routine health screenings to diagnosing and treating female concerns including menopause, urinary incontinence ...
(Date:1/23/2017)... , ... January 23, 2017 ... ... (SNP) has launched online education programs and resources at seafoodnutrition.org/programs and seafoodnutrition.org/resources ... benefits of a seafood-rich diet. These resources have been developed for use ...
(Date:1/23/2017)... ... January 23, 2017 , ... Valentine’s Day is a time when many people celebrate romance and ... who may be looking for the ideal present, Atlanta-based Perimeter Plastic Surgery is ... $25 free. Or, spend $200 and get $50 free. , “A lot of people ...
Breaking Medicine News(10 mins):
(Date:1/23/2017)...  ResMed (NYSE : RMD), BMC (Pékin, Chine) et 3B ... qu,ils se sont mis d,accord sur le règlement mondial ... et 3B seront autorisés à vendre leurs produits existants ... ResMed effectuera le paiement de la décision en une ... Floride entre les deux parties. Le règlement n,inclut pas ...
(Date:1/23/2017)... DIEGO and PALMA, Spain ... Laboratoris Sanifit S.L., a clinical-stage biopharmaceutical company ... that the first patient has been enrolled in ... lead candidate, SNF472, for the treatment of cardiovascular ... (HD). Most ESRD patients, in the ...
(Date:1/23/2017)... Jan 23, 2017 InDex Pharmaceuticals Holding AB ... the 12th congress of the European Crohn,s and Colitis Organisation (ECCO). ... a specific focus on inflammatory bowel disease (IBD). The congress is ... 2017. ... are pleased to again having been selected to present data at ...
Breaking Medicine Technology: