Are you in pain, or diabetic? Beware! You will not be able to buy these medicines anymore
The Union health ministry’s decision to prohibit manufacture for sale or distribution of 328 fixed dose combinations may not see a significant impact on the industry, according to experts. On Wednesday, the Ministry of Health and Family Welfare has prohibited the manufacture for sale or distribution for human use of 328 fixed dose combinations (FDCs) with immediate effect.
The Union health ministry’s decision to prohibit manufacture for sale or distribution of 328 fixed dose combinations may not see a significant impact on the industry, according to experts. On Wednesday, the Ministry of Health and Family Welfare has prohibited the manufacture for sale or distribution for human use of 328 fixed dose combinations (FDCs) with immediate effect. It also restricted the manufacture, sale or distribution of six FDCs subject to certain conditions. The ban, which is across therapy areas, is expected to have an impact of around Rs 2,000 crore, according to Daara Patel, secretary general of Indian Drug Manufacturers’ Association. The total size of the Indian pharmaceutical industry is around Rs 1.18-1.2 lakh crore.
Govt bans manufacture and supply, sale of 328 FDC drugs pic.twitter.com/G2L4Y09psP
— Zee Business (@ZeeBusiness) September 13, 2018
A fixed dose medicine is a combination of two or more active ingredients in fixed dosage ratio.
According to IIFL analyst Abhishek Sharma, the ban may not have any significant impact because the brands are small.
Watch this Zee Business video here:
“This is doing more good than harm and the step is in right direction,” Sharma said, adding that this was in the offing for long and many companies have launched other variants to remain compliant.
In a notification on March 10, 2016, the central government had banned manufacture, sale and distribution of 344 FDCs.
NOTE: According to Times of India, banned FDCs include painkiller Saridon; ointment Panderm, Diabetes drug Gluconorm PG and antibiotic Lupidiclox.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
04:49 PM IST