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NPPA fixes ceiling price of 30 more formulations

Total number of formulations under the price control since April 2016 has reached around 760

Press Trust of India  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

Drug (NPPA) has fixed the ceiling of 30 more formulations, including those used for the treatment of hepatitis, heart conditions, infections, fever and pain.

The said while the ceiling of 19 formulations of different essential drugs has been fixed, that of 11 is revised.

Retail prices of seven formulations have also been fixed, the regulator said in a notification.

With the latest revision, the total number of formulations under price control since April 2016 has reached around 760, the added.

The steps are in continuation of the government's drive to make affordable quality medicines available to patients across the country.

The is mandated to fix/revise the prices of controlled bulk drugs and formulations and to enforce prices and availability of the medicines in the country.

It also monitors the prices of decontrolled drugs in order to keep them at reasonable levels.

The regulator implements and enforces the provisions of the Drugs (Prices Control) Order.

The regulator is also entrusted with the task of recovering amounts overcharged by manufacturers for the controlled drugs from the consumers.

First Published: Fri, May 26 2017. 00:35 IST