Navigation Links
Medicines to Cost Less

New Delhi: In a major step towards making healthcare more affordable, over 880 medicines including common painkillers, cough syrups, drugs for diabetics//, hypertension as well as antibiotics would become cheaper.

The new pricing system covering 886 generic medicines will be enforced from Thursday with the government fixing the wholesale and retail margins.

Addressing a press conference, Minister of Chemicals and Fertiliser Ram Vilas Paswan said Tuesday that as against the 200 percent and more margin earlier charged by the wholesalers and retailers for various drugs, now the wholesalers would get 15 percent margin while retailers would get 35 percent over the manufacturing cost of non-branded and generic medicines.

The new pricing system - with the label bearing the maximum retail price inclusive of local taxes - had come into effect from Oct 2 but the government allowed one month's grace for replacing the stocks that retailers had with them.

"Medicines manufactured on or after Oct 2 may take four to six weeks to reach the retail counters," Paswan said.

He disclosed that the government was working out a formula for fixing the prices of branded medicines to make them more affordable while protecting the interests of companies pursuing research and drug development activities.

A new legislation - Drugs (Prices Regulation and Control) Act - has been proposed. It would have more effective control on prices, production, distribution and supply of medicines, he said.

The attempt to control prices of generic medicines and make them more affordable is the first in a series of attempts to bring healthcare within easy reach of poor people, Paswan said.

Source-IANS
'"/>




Page: 1

Related medicine news :

1. Medicines on the move
2. Advent of New, More Effective and Personalized Medicines
3. Be Wary Of Heavy Metal Poisoning From Ayurvedic Medicines
4. Metal In Medicines Can Fight Diseases Effectively
5. Medicines Used In Antiplatelet Therapy Can Reduce Heart Attacks And Strokes
6. Heart Patients More At Risk Get Fewer Medicines
7. Export Of Ayurvedic Medicines Affected Due To High Heavy Metal Content
8. Herbal Medicines with Animal, Human Body Parts! - Swami Ramdev Accused
9. Syrupy Medicines Increase the Risk of Tooth Decay
10. Anticholinergic Medicines Result In Cognitive Impairment
11. Wake Up Call: U.N Takes Stock to Curb Fake Medicines Racket
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:6/26/2016)... , ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal ... personalized through a fitness app. The fitness app plans to fix the two major problems ... offer a one size fits all type program , They don’t eliminate all ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica Scruggs ... for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs surgery, ... Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, MD, ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , the ... Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. , “We ... new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice ...
(Date:6/25/2016)... ... 25, 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the ... to iHire in recognition of their exemplary accomplishments in worksite health promotion. , The ... Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may suffer ... unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To avoid ... healthy coping following a traumatic event. , Trauma sufferers tend to feel a range ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Any dentist who ... challenges of the current process. Many of them do not ... the technical difficulties and high laboratory costs involved. And those ... offer it at such a high cost that the majority ... Dr. Parsa Zadeh , founder of Dental ...
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
(Date:6/23/2016)... 23, 2016  Astellas today announced the establishment of Astellas Farma Colombia (AFC), a new affiliate with operations headquartered ... Latin America . ... ... ... ...
Breaking Medicine Technology: