Cost Of Cancer, Diabetes, Blood Pressure Drugs Reduced By Around 25%
Cancer Drug Reduced Prices


Prices of 56 important medicines used in treatment of cancer, diabetes, bacterial infections and blood pressure have been capped by the government, thereby reducing the cost by an average of around 25 per cent.

 Products of major pharmaceuticals firms - including Abbott Healthcare, Cipla, Lupin, Alembic, Alkem Laboratories, Novartis, Biocon, Intas Pharmaceuticals, Hetero Healthcare and erstwhile Ranbaxy (now Sun Pharmaceutical Industries) - will be affected by the new price cap announced by drug price regulator NPPA (National Pharmaceutical Pricing Authority).

 The capping of the prices of 56 scheduled formulations of Schedule-I is being carried out under the Drugs (Price Control) Amendment Order, 2016, and retail prices of eight formulations under the Drugs (Prices Control) Order, 2013.

 The government fixes the prices of essential drugs based on the simple average of all medicines in a particular therapeutic segment, having sales of more than 1 per cent.

 Companies are allowed to hike prices of such drugs by up to 10 per cent in a year.

 Set up in 1997, NPPA has been entrusted with the task of fixation/revision of prices of pharmaceutical products, enforcement of provisions of the Drugs (Prices Control) Order and monitoring of prices of controlled and decontrolled drugs.


Content Source : Profit Ndtv

Location: China

Comments

Post a Comment

Popular posts from this blog

Image
Breast Cancer Awareness Month - October October is #BreastCancer Awareness Month when worldwide annual campaigns are carried out to highlight the importance of breast cancer awareness, education and research.  Breast cancer is a malignant tumor that starts in the cells of the breast and can gradually spread to other parts of the body. With the help of regular mammography screening, breast cancers can be found at an early stage. The most common sign of breast cancer is a lump formation in the breast. Breast cancer is the most common cancer among American women, except for skin cancers. About 1 in 8 women in the U.S. may develop invasive breast cancer during their lifetime. Breast cancers can start from different parts of the breast, with the most common ones beginning in the ducts that carry milk to the nipple (ductal cancers). Some start in the glands that make breast milk (lobular cancers). It can spread through the lymph system, which includes lymph nodes, lymph ...
Read more
Image
Top 7 Causes of KIDNEY CANCER : Who is at Risk ? Of all types of #KidneyCancer, which can develop in adult, renal cell carcinoma (RCC) is the most common. It accounts for about 90 percent of diagnosed kidney cancer. Although the exact cause is unknown for RCC, there are certain risk factors that can increase the chance of developing kidney cancer. Keep reading to learn about the seven major risk factors. YOUR AGE People have a greater chance of developing RCC, as they get older. YOUR GENDER Males have double the chance of having RCC compared to females. YOUR GENES Genetics may play a role in the development of RCC. Several rare hereditary disorders, such as von Hippel-Lindau disease and hereditary (or familial) papillary RCC, put you at greater risk of developing RCC. Von Hippel-Lindau leads tumor in more than one part of your body. Hereditary papillary RCC is associated with changes in certain genes. YOUR FAMILY HISTORY Even if you do not have any of the inherited ...
Read more
Image
SYMPTOMS OF PROSTATE CANCER The word "prostate" comes from Medieval Latin prostate and Medieval French prostate. The ancient Greek word prostates means " one standing in front ", from proistanai meaning " set before ". The prostate is so called because of its position - it is at the base of the bladder.                                                       ABOUT PROSTATE CANCER The prostate is a gland in the male reproductive system . It lies just below the bladder (the organ that collects and empties urine) and in front of the rectum (the lower part of the intestine). It is about the size of a walnut and surrounds part of the urethra (the tube that empties urine from the bladder) . The prostate gland makes fluid that is part of the semen.                  Signs and Symptoms of Prostate Cancer ...
Read more