NPPA reduces prices of essential drugs by more than 50% in March-Oct 2016
NPPA on Tuesday tweeted list of 23 essential medicines under NLEM 2015 of which prices were reduced for more than 50% from March to October 2016.
With an aim to provide affordable and cost-effective drugs to people, the National Pharmaceutical Pricing Authority (NPPA) has reduced prices of drugs by more than 50% in the seven months last year.
NPPA on Tuesday tweeted list of 23 essential medicines under NLEM 2015 of which prices were reduced for more than 50% from March to October 2016.
List of drugs (from March,16 to Oct,2016) with price reduction of more than 50% pic.twitter.com/0buOecXzWZ
— NPPAindia (@nppa_india) March 7, 2017
NPPA is the government agency under the department of pharmaceuticals which controls the prices of drugs in India.
ALSO READ: Hepatitis C drug prices in India unaffected by patent: Gilead
Similarly, the drug pricing control agency has reduced prices of 75 drugs under National List of Essential Medicines (NLEM) on October last year in the range of 30% to 50%.
List of NLEM,15 drugs with price reduction between 30-50%, as on Oct.2016 pic.twitter.com/P6T3bMxmn1
— NPPAindia (@nppa_india) March 7, 2017
Moreover, the agency has brought down prices of cardiovascular disease drugs manufactured by top brands like Lupin, Micro Labs, Sanofi India, Zydus Cadila, Ranbaxy Laboratories, among others in the range of 13% to 42% since March last year.
Top brands of cardiovascular disease drugs brought under price control since March,2016 pic.twitter.com/dLYysBtIRf
— NPPAindia (@nppa_india) March 6, 2017
ALSO READ: India to revise drugs law, draft new rules for medical devices
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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:00 PM IST