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India makes bulk drugs cheaper
By agencies
|
Tuesday, 20 September 2005, 19:30 IST
NEW DELHI: In a move that will make scheduled bulk drugs cheaper and within reach of common man, the National Pharmaceutical Pricing Authority has cut the prices of 15 scheduled bulk drugs by up to 36 percent.
With this cut, hundreds of popular medicines like multivitamin medicine, anti-asthmatics, antibiotics, anti-ulcer, anti-malaria and skin preparations will become cheaper. The drug authority will also formulations of these drugs cheaper.
The drug authority has also cut the prices of about 308 formulations, besides making imported insulin, and preparations of anti-malarial chloroquine phosphate, antibiotic norfloxacin, anti-ulcerant ranitidine, anti-inflammatory drug naproxen within reach of people.
However the drug industry was not happy with the price cut and called it a retrograde step.