The government has notified the National Pharmaceutical Pricing Policy, 2012 (NPPP-2012) where it has also been proposed to regulate and control the prices of National List of Essential Medicines- 2011.
The salient features of National Pharmaceutical Pricing Policy, 2012 (NPPP- 2012) are as under:
¢ The regulation of prices of drugs is on the basis of essentiality of drugs as under National List of Essential Medicines 2011.
¢ The regulation of prices of drugs is on the basis of regulating the prices of formulations only.
¢ The regulation of prices of drugs is on the basis of fixing the ceiling price of formulations through Market Based Pricing (MBP).
The provisions under National Pharmaceuticals Pricing Policy- 2012 (NPPP- 2012), are to put in place a regulatory framework for pricing of essential drugs as per the strength and dosages as specified in National List of Essential Medicines- 2011 which satisfy the priority healthcare needs to majority of the population.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
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