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Regulatory Framework for Market-based pricing of Drugs

Market-based Pricing of Drugs

The Department of pharmaceuticals has notified the National Pharmaceutical Pricing Policy- 2012 under which the prices of National List of Essential Medicines- 2011 are to be controlled & regulated price on the basis of Simple Average Price of all the brands having market share (on the basis of Moving Annual Turnover) more than and equal to 1% of the total market turnover of that medicine. The objective is to put in place a regulatory framework for pricing of drugs so as to ensure availability of required medicines essential medicines at reasonable prices even while providing sufficient opportunity for innovation and competition to support the growth of industry, thereby meeting the goals of employment and shared economic well being for all.

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Tags: DrugEssential medicinesFeedBurnerMarket economyNational List of Essential Medicines-2011National Pharmaceutical Pricing Policy 2012PharmaceuticalPricePricing

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