Sri Lanka, April 23 -- Drug prices in Sri Lanka are set to increase in the near future with authorities considering a revision of existing price controls amid mounting pressure from importers grappling with rising global costs and a weakening rupee.

President of the National Medicines Regulatory Authority (NMRA), speaking to Daily Mirror, said the regulator is considering an adjustment to existing price controls, which could result in an increase in the prices of certain medicines in the near future.

"We do understand the situation. That's why we are considering the adjustment of prices. The global situation is beyond our control. However, we will ensure that there won't be a shortage of drugs in the near future. We will facilitate the ...