NPPA has fixed ceiling prices of 355 medicines, 882 formulations: Mandaviya

The National Pharmaceutical Pricing Authority has fixed ceiling prices of 355 medicines and 882 formulations under the National List of Essential Medicines, 2015, Parliament was informed

Mansukh L. Mandaviya
Mansukh L. Mandaviya
Press Trust of India New Delhi
2 min read Last Updated : Jul 27 2021 | 8:51 PM IST

The National Pharmaceutical Pricing Authority (NPPA) has fixed ceiling prices of 355 medicines and 882 formulations under the National List of Essential Medicines, 2015, Parliament was informed on Tuesday.

"Most of the drugs that are part of COVID-19 management protocol have ceiling prices, viz., paracetamol, dexamethasone, methylprednisolone, IVIGs, enoxaparin, budesonide, heparin and amphotericin, etc," Minister of Chemicals and Fertilisers Mansukh Mandaviya said in a written reply to a query in the Lok Sabha.

In the case of few non-scheduled medicines like remdesivir, which are part of COVID-19 protocol and are non-scheduled, on government intervention, MRPs of various brands of remdesivir have been reduced voluntarily by the major manufacturers/marketers of the remdesivir injection (lyophilized), he added.

Inter-brand maximum retail prices (MRPs) that varied up to Rs 5,400 per vial were brought down to less than Rs 3,500, the minister said.

"Furthermore, to facilitate availability and ensure affordability, NPPA has capped the trade margin for oxygen concentrators at 70 per cent on price to distributor level vide notification dated June 3, 2021, and on pulse oximeter, glucometer, BP monitor, nebuliser and digital thermometer vide notification dated July 13, 2021," he added.

In addition, retail prices for 1,640 formulations have been fixed under DPCO, 2013, till date and in recent years exercising extraordinary powers under DPCO, 2013, in public interest. NPPA had fixed the ceiling price of stents in February 2017, ceiling price of knee implants in August 2017, and also capped trade margin on selected 42 anti-cancer drugs in February 2019, Mandaviya said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Medicine pricesMansukh Lal MandaviyaNPPA

First Published: Jul 27 2021 | 8:51 PM IST

Next Story