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:1/20/2017)... FL (PRWEB) , ... January 20, 2017 , ... ... and wellness products to enhance people’s everyday lives, recently attended the January ECRM ... buyers. , ATP Science is known for its large range of supplements that ...
(Date:1/20/2017)... (PRWEB) , ... January 20, 2017 , ... "TransFlare 4K ... use inside of Final Cut Pro X," said Christina Austin - CEO of Pixel ... RED Dragon. Utilizing the Dragon Sensor,TransFlare 4K Mystique lens flare and light leak transitions ...
(Date:1/20/2017)... ... January 20, 2017 , ... “The Angel”: a heartwarming and ... out for each of his children. “The Angel” is the creation of published author, ... New York City, and impassioned writer. , When asked of her new book, Marjorie ...
(Date:1/20/2017)... ... January 20, 2017 , ... D R Burton ... (OPEP) device, was featured in a study indicating superior performance against competitive products ... “Analysis of Three Oscillating Positive Expiratory Pressure Devices During Simulated Breathing“ was published ...
(Date:1/20/2017)... (PRWEB) , ... January 20, 2017 , ... “Knowledge is ... be guided by faith. “Knowledge is God’s Lighthouse” is the creation of published author, ... cookbooks, novels, and poetry collections. , “I have been writing since high school ...
Breaking Medicine News(10 mins):
(Date:1/21/2017)... 20, 2017 Research and Markets has ... Market By Type of Test (Tumor, Clinical Chemistry, Microbiology, Esoteric), ... of Diseases (Tuberculosis, Influenza, Cancer, HIV/AIDS etc.), Forecast to 2022" ... ... healthcare services, market segments, especially clinical lab testing, which has ...
(Date:1/21/2017)... -- According to a new market research report "Life ... SCM), Component (Software, Service), Delivery (On premise, Cloud), End user (Pharmaceutical, ... the market is expected to reach USD 24.73 Billion by 2021 ... during the forecast period. Continue Reading ... ...
(Date:1/21/2017)... Mass. , Jan. 20, 2017 /PRNewswire/ ... Keystone Symposia Conference, "PI3K Pathways in Immunology, ... Inc. (NASDAQ: INFI ) ... immuno-oncology development candidate that selectively inhibits phosphoinositide-3-kinase-gamma ... able to help overcome resistance to checkpoint ...
Breaking Medicine Technology: