India, March 17 -- The Government of India has issued a release:
Prices of drugs are regulated as per the provisions of the Drugs (Prices Control) Order 2013 (DPCO, 2013) across the country. As per extant provisions of DPCO 2013, the National Pharmaceutical Pricing Authority (NPPA) fixes the ceiling prices of formulations specified in Schedule-I to DPCO, 2013 and retail prices of new drugs as defined in para 2(1)(u) of DPCO, 2013. Further, in case of non-scheduled formulations, manufacturers are required to not increase their maximum retail price (MRP) of a formulation by more than ten percent of the MRP of that formulation during the preceding 12 months. In addition, NPPA also fixes ceiling or retail prices of any drug in case...