Key Points
Indias drug pricing authority on Monday allowed a price hike of 12.1218% from April 1 for scheduled drugs that are under price control..
Malini Aisola, co-convenor of All India Drugs Action Network (AIDAN) said the latest massive hike will distort price controls and hence the government should intervene...
This (increase) is the highest seen since the DPCO (Drugs [Price Control] Order) 2013 came into force and this is the second year in a row that the WPI is higher than the annual permitted price hike for non-scheduled formulations (10%), she said...
Such a drastic hike will distort the price controls in place on essential medicines; the government should intervene in the interest of maintaining the affordability of these drugs..
Earlier, a pharma lobby group that represents more than 1,000 Indian pharmaceutical manufacturers, had urged the government to allow prices of all scheduled formulations to be increased by 10% with immediate effect..
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