Activists point that as the current drug pricing regime does not cover essential drugs in all their strengths and presentation, patients lose out on many counts
Drugs and medical devices in the National List of Essential Medicines rise year-on-year price by 2-3 percent on average, but the increase may be steeper this year Common antibiotics and medicines for treating fever and blood pressure are among drugs whose prices are expected to increase steeply this year
Pharmaceutical stocks have traditionally been considered defensive safe havens because demand for medicines doesn‘t depend on the economic cycle
In an interview to CNBC-TV18, Andrew Aristidou, CFO of GlaxoSmithKline Pharmaceuticals spoke about the results and his outlook for the company.
The company is expecting strong growth in the current fiscal both from India and US. Major approvals are expected to drive growth for Glenmark, says Chairman and Managing Director Glenn Saldanha.
Government must not place the entire burden of access to healthcare on the pharmaceutical industry alone, Sanofi India has said while hitting out at more medicines being put under price control.
Officially confirming addition of over 200 formulations under price cap, the Department of Pharmaceuticals has notified amendment of the Schedule I of Drug Price Control Order (DPCO) 2013 for substituting the National List of Essential Medicines (NLEM) 2011 by NLEM 2015.
Government is planning a mobile application that will provide all information related to pricing and availability of medicines as well as addressing consumer grievances, Fertiliser Minister Ananth Kumar said on Thursday.
"The decision to import and the country of origin for such imports are based on economic considerations, Kumar said.
A market-based pricing mechanism is more acceptable to pharma industry and over a longer-period may limit the adverse impact on the industry, says ICRA.
The inter-ministerial group that was set up to clear FDI in pharma brownfield projects has come out with stringent guidelines that could impact pharma mergers and acquisitions in India, reports CNBC-TV18's Ronojoy Banerjee.
Union health ministry's plan to bring 348 drugs of the National List of Essential Medicines (NLEM) under price control is facing stiff resistance from the pharma industry, reports the Times of India.