In India, the National Pharmaceutical Pricing Authority (NPPA), an independent body of experts, controls drug prices and ensures patients have access to reasonably affordable treatments. A recent article from The Times of India reported that after reviewing data from drug manufacturers, the NPPA has brought nine anti-cancer drugs into its price control framework, resulting in retail price decreases up to 87%. This is the second time the NPPA has announced price cuts on anti-cancer drugs in two months. The drug manufacturers didn’t comment on how the move will affect business, but a spokesperson from the health industry noted that the companies involved have been asked not to reduce production volume.
India Drastically Reduces Prices of Anti-Cancer Drugs
India’s National Pharmaceutical Pricing Authority lowered prices up to 87% on nine different anti-cancer drugs.
May 24, 2019
Test Your Supply Chain Smarts
Take Healthcare Packaging's supply chain quiz to prove your knowledge!
Read MoreHow to Honor a Leader
Induction into the Packaging & Processing Hall of Fame is the highest honor in our industry. Submit your leader to be considered for the Class of 2024 now through June 10th. New members will be inducted at PACK EXPO International in Chicago.
Read More