India caps cancer drug prices after legal battle
Dhaka, Oct. 24 -- The Indian government has capped trade margins on 137 cancer drugs at 30 percent, aiming to cut prices by up to 70 percent and protect low-income families from crippling healthcare debt.
The measure, which takes effect next month, is likely to save patients Tk 322 billion (250 billion Indian rupees) annually, The Guardian reports.
The policy shift stems from a 2022 petition filed by Sarojam Radhakrishnan, a retired bank employee from Kerala who was diagnosed with breast cancer in 2021. Unable to afford monthly treatment costs exceeding Tk 80,000 (63,000 Indian rupees), she sued to force government intervention.
Though Radhakrishnan died in late 2022, her case reached India's Supreme Court, where judges condemned hospi...
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