As drug prices were touching peak, government roped in some specific drugs to come under price control. Moving ahead with the same, government is again likely to cap prices of more essential drugs and expected to decide on the matter in a meeting scheduled for next week.
Around 450 drugs out of approx 900 drugs are already under price control. These drugs are those which comes under the National List of Essential Medicines (NLEM) 2015.
According to reports, NPPA said that some of the drugs which are not under the price control yet will be considered for price cap. In a tweet, the National Pharmaceutical Pricing Authority (NPPA) mentioned about its next meeting which is scheduled for September 14, 2016 and some more drugs are likely to come under price control.”
The government currently 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.Â It also monitors the maximum retail prices (MRP) of all the drugs and companies are allowed to hike prices of non-scheduled drugs by up to 10 per cent in a year.
The government had notified DPCO, 2013, which covers 680 formulations, with effect from 15 May 2014, replacing the 1995 order that regulated prices of only 74 bulk drugs.