NPPA fixes prices for 56 formulations

The National Pharmaceutical Pricing Authority (NPPA) has fixed the retail prices of 56 formulations, excluding GST, stated a notification issued recently.

These formulations include those used for treating diabetes, cardiac conditions and hepatitis C, among others.

“The order is on the website and has been also circulated on the social media to ensure that consumers are aware of medicines that have been brought in under fixed retail pricing. We have also capped the ceiling prices of two formulations,’’ said a senior health official.

Drug Order 2013

The prices have been fixed/revised under the Drug (Prices Control) Order, 2013, the order added. The order further said the manufacturers may add GST only if they have actually paid it or it is payable to the government on the retail price mentioned as per the order.

It added that the retail price for a pack of the aforesaid formulation shall be arrived at by the manufacturer concerned in accordance with the retail price specified by the government.

Source: Read Full Article