Healthcare analysts project a 50% increase in annual sales for weight-loss drugs, estimating a market value of $150 billion by the early 2030s. Key players include Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound, which have captured widespread interest despite limited insurance coverage. Analysts note these drugs could soon be covered by insurers due to their potential in preventing costly health emergencies. Despite 2023 shortages, increased production is underway. Shares in Lilly and Novo have surged, reflecting their growing market dominance. Discover the future of obesity treatment with 80 experimental drugs in the pipeline.
The price of 24 anti-diabetic formulations that lead with dapagliflozin and another 14 with vildagliptin and two with sitagliptin molecules were set
Drugs used to treat diseases that are a public health problem in India, are comparatively cost effective and aligned with the current treatment guidelines are included in the National List of Essential Medicines
As concerns grow about the rising unaffordability of drugs in India despite the country’s growing prowess as a pharma manufacturer, the government is looking to rework the way prices of medicines are determined
The prices of drugs and medical devices in India have long been under the scanner for unaffordability to a large chunk of the population but the government now claims that it is trying to fix a trade margin ceiling for many drugs, including the ones used in COVID treatment, to make them easily accessible to people.
The drug price regulation authority said that the "one-time price increase" of 50 percent is an "exceptional measure."
The government plans to review the existing drug price control measures to make medicines more affordable, while also undertaking "re-engineering" of price regulator NPPA to bring greater transparency amid allegations from the industry over arbitrary implementation of policy.
Drug price regulator NPPA has capped the prices of four essential drugs and revised 14 more, including the ones used for treatment of fungal infections and hypertension.
National drug price regulator NPPA has issued 79 demand notices to pharmaceutical companies for overcharging for non-scheduled medicines, Parliament was informed today.
To ensure availability of essential drugs in the market, the drug pricing regulator NPPA is putting in place a framework for alternative arrangements in case of discontinuation of scheduled formulations by private pharma firms, among other measures.
Drug price regulator NPPA fixed ceiling for 123 medicines last month while 118 cases of overcharging by pharmaceutical companies were detected during the period.
Drug price controls based on market based rate, which was cleared by the cabinet is challenged in the Supreme Court through a public interest litigation filed by All India Drug Action Network (AIDAN), reports CNBC-TV18‘s Rituparna Bhuyan.