Access to essential medicines in India boosted by drug price caps
The results have started coming in. Accessibility to essential medicines in India by the poor has improved dramatically after the government capped the prices of 530 drugs under the price monitoring mechanism, reports The Pharma Letter’s India correspondent.
Around 47 formulations for cancer, 20 for AIDS/HIV, six for diabetes and 53 for cardiovascular diseases have had their prices reduced recently.
As a result of reduction in the prices of scheduled medicines under price control, the price benefit accrued to the public is estimated to the extent of around $363 million, India's Parliament was informed.
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