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India has capped the prices of 36 drugs! including those used to treat infections and diabetes! in its latest move to make essential medicines more affordable. Industry officials say prices in the country are already among the lo+est in the +orld! but the cost of drugs is over+helmingly covered by patients themselves$ Indian drugmakers! including 2ipla Ltd! &anba3y Laboratories Ltd! and 2adila 4ealthcare Ltd! are among the companies that +ill be affected by
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India Caps Prices of 36 More Drugs to Improve Access - Government Official
India has capped the prices of 36 drugs! including those used to treat infections and diabetes! in its latest move to make essential medicines more affordable. Industry officials say prices in the country are already among the lo+est in the +orld! but the cost of drugs is over+helmingly covered by patients themselves$ Indian drugmakers! including 2ipla Ltd! &anba3y Laboratories Ltd! and 2adila 4ealthcare Ltd! are among the companies that +ill be affected by
India has capped the prices of 36 drugs! including those used to treat infections and diabetes! in its latest move to make essential medicines more affordable. Industry officials say prices in the country are already among the lo+est in the +orld! but the cost of drugs is over+helmingly covered by patients themselves$ Indian drugmakers! including 2ipla Ltd! &anba3y Laboratories Ltd! and 2adila 4ealthcare Ltd! are among the companies that +ill be affected by
Various medicine pills in their original packaging are seen in Ljubljana February 1! "#1"$ BY ADITYA KALRA AND ZEBA SIDDIQUI-NEW DELHI/MUMBAI Fri Sep 19, 2014 %&euters' - India has capped the prices of 36 drugs! including those used to treat infections and diabetes! in its latest move to make essential medicines more affordable! a senior official of the country(s drug pricing authority told &euters on Friday$ )he medicines join a list of 3* drugs deemed essential and that are therefore subject to price caps! covering up to 3# percent of the total medication sold in a country +here less than "# percent of people are covered by health insurance$ ,)his is a straight-for+ard! most predictable! overdue action +hich has been done by us!, the official at the -ational .harmaceutical .ricing /uthority %-../' said! declining to be named because of the sensitivity of the matter$ 0lobal and Indian drugmakers have been hit in India by +ide-ranging government- imposed price reductions over the last year$ Industry officials say prices in the country are already among the lo+est in the +orld! but the cost of drugs is over+helmingly covered by patients themselves$ India in 1uly capped the prices of more than 1## drugs that are not part of the essential medicines list$ )he pharmaceutical industry has challenged the move in court$ Indian drugmakers! including 2ipla Ltd! &anba3y Laboratories Ltd! and 2adila 4ealthcare Ltd! are among the companies that +ill be affected by the latest decision! research firm /I526 .harmasofttech /7/28 said$ 2ipla said the implementation of the ne+ price rules has impacted its domestic business and the company continues to take measures to mitigate its effect$ &anba3y declined to comment! +hile 2adila did not respond to &euters re9uests for comment$ /n official at the 6epartment of .harmaceuticals! +hich controls the drug pricing authority! confirmed the price cap move on Friday! but declined to give details$ 2iproflo3acin! a common antibiotic that is sold by many companies including &anba3y and 2ipla! is among the drugs +hose prices +ere capped by the latest order$ )he research firm said the cap +ould shrink the drug(s market value by :1 percent$ ;5&< )5 25;< ;ore big selling drugs for treatment of diseases including cancer! 4IV=/I68 and cardiovascular could be brought under price cap to make them affordable in the country! said &ahul 8harma! an analyst +ith ;umbai-based brokerage >arvy 8tock ?roking$ )he senior official at the pricing authority said the -../ +as dra+ing up a list of mass-consumed! essential life-saving drugs +hich it thinks should be added to the essential medicines list! but did not confirm treatments affected$ .eople directly involved in the process had told &euters in 1une that the government +as likely to raise the number of drugs that are in the essential medicines list and subject to price caps to improve affordability$ )he authority(s recommendations +ill be sent to health ministry by mid-5ctober! the official said on Friday! adding one such proposal is to include &anitidine tablets! +idely used to treat duodenal and gastric ulcers$ &anitidine is sold by companies including local unit of 0la3o8mith>line .lc and India(s )orrent .harmaceuticals Ltd and &anba3y$ )he companies did not immediately respond to re9uest for comment$ ,5nly injections are covered in the list $$$ +e checked +hat is happening and sa+ people are taking tablets$ 7e are saying please cover tablets!, the official said$ ,-obody is a control freak$ If it is essential! +e have a job to do$, %7riting by 8umeet 2hatterjee@ <diting by &yan 7oo and 2lara Ferreira ;ar9ues' .osted by )havam