labels: industry - general, pharmaceuticals
Unbranded drugs may get cheaper by 50-60 per cent news
18 August 2006

Prices of unbranded drugs sold directly through chemists could dip by 50-60 per cent, starting October 2, reports CNBC-TV18.

That's because the pharma industry has, in principle, agreed to reduce wholesale margins to 15 per cent, and retail margins to 35 per cent. Minister of chemicals and fertilizers minister Ram Vilas Paswan says the government will soon issue a notification on the matter.

Industry and government continue to differ over drug price control. Paswan says a 14-member committee has been set up to find a middle path. The committee will look into five issues, including public-private-partnerships to make drugs available at reasonable prices, and simultaneously ensure that the industry is not hurt.

Paswan says, "We want industry to grow but at the same time, we want to fulfill promises in giving free medical aid to the poor. We have to balance industry interests with consumers' needs."

 search domain-b
Unbranded drugs may get cheaper by 50-60 per cent