Last Updated on January 4, 2024 by The Health Master
Download office memorandum dt 25-03-2022, link given below.
New Delhi: In what can be termed as the highest price hike ever, the National Pharmaceutical Pricing Authority (NPPA), the apex price regulatory body has announced a price hike of 10.76607% for scheduled drugs-which are under price control vide its office memorandum dt 25-03-2022.
Confirmation to this effect was recently given by the NPPA, Department of Pharmaceuticals, in its recently office memorandum.
The move comes the basis of Wholesale Price Index (WPI) data provided by the Office of the Economic Advisor, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry whereby the annual change in the WPI works out as 10.76607% during the calendar year 2021 over the corresponding period in 2020.
National Pharmaceutical Pricing Authority (NPPA) under the aegis of the Department of Pharmaceuticals fixes the ceiling price of scheduled medicines as per provisions of the Drugs (Prices Control) Order, 2013.
NPPA has fixed ceiling prices of 886 scheduled formulations & 4 scheduled medical devices and fixed retail prices of 1,817 new drugs. The prices of these formulations are revised by the NPPA based on the WPI each year
In case of non-scheduled medicines, a manufacturer is at liberty to fix the Maximum Retail Price (MRP) launched by it, but is not allowed to increase the MRP of such formulations by more than 10% per annum.
The move will spell out costlier essential medicines for the people as majority of the essential drugs have their prices controlled by the government via their inclusion in the National List of Essential Medicines (NLEM).
NLEM lists drugs used to treat common conditions such as fever, infection, heart disease, hypertension, skin diseases and anaemia, among others.
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