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Drug makers hike margins on essential medicines

Only recently, prices of essential medicines were slashed under new drug pricing control order

Succumbing to pressure from stockists and retailers, several drug manufacturers have increased wholesalers’ as well as retailers’ margins on essential medicines. Recently, prices of essential medicines were slashed under the new drug pricing control order (DPCO).    Companies such as Cipla, Torrent Pharma, Eris Lifesciences and Akumentis, which manufacture most essential medicines, have decided to ease margins for retailers and distributors by either raising the percentage slab or providing discounts. For instance, in a letter, dated September 19, ...