DOMESTIC DRUG PRICES ARE GOING THROUGH THE ROOF
RETAIL DISCOUNTS MAKE MOCKERY OF REGULATORS
2021-10-04 10:35
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Little is heard of India’s National Pharmaceutical Pricing Authority (NPPA) and its Drug Price Control Order (DPCO), these days. This is despite the fact that most drug prices have zoomed by over 60 to 100 percent since last year. Thanks to the lack of actions by the regulatory authority, pharmaceutical companies are having a field day. Profit-wise, the industry is booming in the domestic market. The world’s third largest manufacturer of pharmaceuticals by volume never had it so good. And, this is substantially at the cost of a large proportion of the country’s population whose purchasing power is extremely low.