Health · Healthcare & Policy · 3 hrs ago

Prices of 137 cancer drugs to fall by up to 70% from November 9

Prices of 137 cancer drugs to fall by up to 70% from November 9

India’s drug prices regulator, the National Pharmaceutical Pricing Authority, will cut prices of 137 cancer drugs from November 9.

The reductions will be up to 70%, under a new cap limiting trade margins to 30% of the maximum retail price, excluding tax.

The medicines are non-scheduled drugs, meaning they were not covered by the existing price controls, and the list includes patented drugs.

The change follows the Supreme Court flagging cases where the price charged to patients was as much as 10 times the price paid by retailers.

Some of the affected medicines cost up to Rs 5 lakh per vial or pack, so the cuts could reduce costs for patients.

Manufacturers must notify the regulator of revised prices within seven days of the government notification and display the new prices, while hospitals must also show them.

State drug controllers will oversee compliance, and manufacturers must get permission before reducing monthly production to help ensure supplies continue.

3 sources

Related

What people are saying

Senior Union government officialGovernment official
The move is aimed at making cancer treatment more affordable, and improve access to anti-cancer medicines
via The Hindu
K.M. GopakumarCo-convenor of the Working Group on Access to Medicines and Treatments
Price of these medicines even after margin cap will remain out of reach of many people. The move alone will not bring down the cost of treatment because hospitals may find ways to charge high prices on other items, consumables, diagnostics, consultation charges, etc
via The Hindu