Say goodbye to cheap new drugs

The government wants to extend price control in pharmaceuticals. At the moment, prices of 74 bulk drugs are controlled by the government, which brings 300 or so formulations (combinations of bulk drugs) on the “essential drugs” list also under control. It wants to freeze the prices of these bulk drugs for a period of two years. And eventually, it plans to move from controlling bulk drugs to formulations. This will bring all the 600 or so formulations on the “essential drugs” list under price control. The move is prompted by the recent rise in the prices of medicines.

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