Last Updated on January 4, 2024 by The Health Master
In order to fix the ceiling prices of the medications under Schedule I of the Drugs (Prices Control) Order, 2013, the National Pharmaceutical Pricing Authority (NPPA) has released its 13th lot of draft calculation sheets for fixing and revising the ceiling prices of 26 formulations, including some of the new additions to the National List of Essential Medicines (NLEM), 2022.
Diazepam 2 mg tablets, which would have its current ceiling price reduced by more than 30%, omeprazol /A2C1 20 mg (31.44%), ramipril 2.5 mg (23.76% reduction), and the hepatitis B vaccine (19.15% reduction) are just a few of the medications on the Authority’s list of proposed price fixes.
Oral rehydration salts’ ceiling price has been set at Rs. 0.13, which is 18.75% less than the current ceiling price of Rs. 0.16 per ml and has a total moving annual turnover of Rs. 132.04 crore.
While it has listed around 50 brands from the product, eight companies have a market share of one percent and above. The MAT value considered for price calculation was Rs. 128.59 crore.
The Authority also suggested Rs. 762.14 per vial as the maximum price for the rotavirus vaccine, which was recently added to the NLEM, in 2022.
Vancomycin capsules 250 mg, propranolol 10 and 20 mg, are among the new drugs for which the ceiling prices have been freshly proposed through the latest lot of proposals.
The Drug Price Control Order (DPCO) of the Revised Schedule-I of Drugs (Prices Control) was notified by the Department of Pharmaceuticals (DoP) on November 11, 2022, incorporating the NLEM of 2022, which was notified by the Ministry of Health and Family Welfare on September 13, 2022.
Based on the revised Schedule I, the NPPA is in the process of fixing or revising the ceiling prices of all the scheduled formulations at present.
There are 388 medicines (including 2 animal vaccines and 2 stents) consisting of approximately 954 formulations in the Revised Schedule-I of the DPCO, 2013.
According to Bhagwanth Khuba, a minister of state in the ministry of chemicals and fertilizers, the NPPA has set ceiling prices for 400 scheduled formulations under NLEM, 2022 through February 6, 2023 in accordance with the provisions of DPCO, 2013, he recently stated in the Lok Sabha.
This has led to an average reduction of 15.39 % in the ceiling prices, he added.
The NPPA has also addressed a number of other issues, such as capping the cost of new scheduled drugs from the same company with significant inter-brand price variation at the cost of the cheapest brand or pack size plus 10% based on the current reference under the DPCO, 2013.
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