India, March 20 -- The Government of India has issued a release:
Presently, prices of drugs are regulated as per the provisions of the Drugs (Prices Control) Order 2013 (DPCO, 2013) based on the National Pharmaceuticals Pricing Policy, 2012. As per extant provisions of DPCO, 2013, the National Pharmaceutical Pricing Authority (NPPA) fixes the ceiling prices of the drugs included in the Schedule-I of DPCO, 2013 which is based on the National List of Essential Medicines and the retail price of new drugs as defined in para 2(1)(u) of DPCO, 2013. Further, in the case of non-scheduled formulations, manufacturers are required to not increase the maximum retail price (MRP) of such formulation by more than 10% of the MRP of that formulation ...