The Department of Pharmaceuticals (DoP) said the "multi- disciplinary committee of experts" will have member secretary of National Pharmaceutical Pricing authority (NPPA) as its convener.
It will also have representatives from Central Drugs Standard Control Organisation (CDSCO), Department of Health Research/Indian Council of Medical Research and NIPER as members, DoP said in an order.
DoP said the decision has been made in view of the experience gained from the implementation of Drugs Price Control Order, 2013 for "consultation on all technical issues related to pricing, launch of new drugs with ancillary provisions where more clarity may be required..."
In turn, the panel will submit its report along with its findings within four weeks.
"The recommendations of this committee shall be considered by the NPPA which shall pass a reasoned order within four weeks from receiving the recommendations of the committee, deciding the issue(s) finally," said the order.
It added that the committee will be empowered to invite or co-opt any other specialist depending on exigencies of circumstances requiring resolution of any specific matter arising out of implementation of various provisions of DPCO 2013.
The committee is mandated to recommend its opinion on the claims of pharma companies about any additional therapeutic features associated with any formulation and recommending separate ceiling price of scheduled formulations or retail price of any new drug with specified therapeutic rationale.
It will also give its opinion on claims of pharma firms about additional pharmacoeconomics features associated with any formulation/API, the order said.
Besides, it will also give opinion on technical related issues such as whether a drug is scheduled or non-scheduled on the basis of ingredients used in formulation, it added.
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