Drug price cut of vital medicines a global phenomenon

Tuesday, July 22, 2014

MUMBAI: It is not the Indian regulator who is the only one after drug companies to cut prices. Across the world, pharmaceutical companies are coming under pressure to reduce prices as concerns over growing healthcare costs force governments to target drug makers. Countries like Germany, the UK and the US are all monitoring the prices of life-saving drugs.

Last week, India’s National Pharmaceutical Pricing Authority decided to slash the prices of more than 100 diabetes and heart-disease drugs under a provision that allows the government to cut prices in extraordinary circumstances.

Source: Economic Times India (link opens in a new window)

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