Key Points
Cost of 651 essential medicines has come down by an average of 6.73 per cent from April with the government capping ceiling prices of a majority of the scheduled drugs, NPPA said on Monday..
In a tweet, the national drug price regulator said the government has been able to fix the ceiling prices of 651 medicines so far out of the total 870 scheduled drugs listed under National List of Essential Medicines (NLEM)...
The National Pharmaceutical Pricing Authority (NPPA) noted that with the capping of ceiling prices, the cost of 651 essential drugs on an average had already come down by 16.62 per cent...
"Due to this, the price of 651 essential drugs, which was to go up by 12.12 per cent, has actually come down by 6.73 per cent from April 1," NPPA said.. Consumers will benefit from this decline in prices despite a 12.12 per cent annual hike in prices of drugs based on WPI, it added...
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