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Drug prices News

08 Aug 2017

Government forms panel to make drugs more affordable

The committee would also review the scope of Drugs (Price Control) Order 2013 (DPCO 2013) and suggest ways for strengthening the regulatory provisions of the order.

06 Mar 2017

Major price cut in cancer, diabetic drugs: Regulator

The prices of other important cancer drugs, such as Nanoxel (Rs 1,035) and Frastim (Rs 1,273) have been slashed by 55 per cent and 51 per cent respectively.

26 Feb 2017

'Govt must scale up production of active ingredients of drugs'

The Centre should scale up the production of active ingredients used in drugs to meet the country's need, a government institute has said after it found that over 95 percent of the samples examined during a survey were sourced from China.

Indian pharmaceutical sector

26 Jan 2017

Donald Trump's push for lower drug prices to benefit Indian pharma

Indian pharmaceutical sector is likely to gain, rather than being impacted, as the new US President Donald Trump aims to reduce drug prices since the country's generic medicines are already affordable, according to industry players.

Medicine prices

07 Feb 2016

'Withdrawing customs duty may lead to hike in medicine prices'

The government's move to withdraw customs duty exemption on imports of around 74 drugs would help in local production of bulk drugs and thereby create demand for the local production but it may also lead to rise in prices for these medicines.

17 Dec 2015

Turing CEO Martin Shkreli arrested in securities fraud probe

Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested in New York by the FBI on Thursday on securities fraud charges involving his former hedge fund and a pharmaceutical company he previously headed.

Drug pricing policy

16 Jul 2015

Supreme Court court seeks review of drug pricing policy

The Supreme Court has asked the central government to reexamine its pricing policy for essential medicines after a group of non-governmental organisations challenged the provisions, a lawyer involved in the case said.

05 May 2015

China lifts price controls on most medicines

In a major reform in its mostly state-controlled health sector, China Tuesday announced that it will lift price controls on most medicines from next month in a bid to keep drug prices in check by adopting market-driven pricing system.

18 Dec 2014

615 drugs under control regime, more steps in offing: Govt

Government said that by next month, it will come out with a new list of life-saving drugs whose prices would be controlled.

18 Aug 2014

Cipla gains after April-June margins expand sequentially

Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

drug price fixing

28 Jul 2014

CII seeks PM's intervention over drug price fixing

Industry chamber CII has sought Prime Minister Narendra Modi's intervention over "unilateral fixing" of drug prices by NPPA saying the exercise based on "an inequitable formula" has done collateral damage to indigenous industry.

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