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Medicine Price Control

  • IASbaba
  • March 22, 2021
  • 0
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Medicine Price Control

Part of: GS Prelims and GS – II – Health 

In news

Key takeaways 

  • The decision was taken because the five-year price exemption given to these medicines on account of indigenous R&D got over recently.
  • Revision in existing ceiling prices of scheduled formulations based on the Wholesale Price Index (WPI) was also approved by the Authority.
  • The revised prices will be effective from April 2021.
  • It also decided to retain the revised ceiling price of Heparin injection up to September 2021. 

Important value additions 

  • The National Pharmaceutical Pricing Authority (NPPA) is a government regulatory agency that controls the prices of pharmaceutical drugs in India.
  • It was constituted in 1997 as an attached office of the Department of Pharmaceuticals (DoP), 
  • Ministry: Ministry of Chemicals and Fertilizers.

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