India to curb profiteering by pharma companies
In an effort to decrease pharmaceutical companies profiteering, India's National Pharmaceutical Pricing Authority (NPPA) has said the ceiling price of off-patent pharmaceuticals will be slashed by 50%.
As a result of the NPPA's action, several businesses are expected to experience a significant impact since they will no longer be able to lower rates on their own, reports The Pharma Letter’s local correspondent.
The move is also expected to drastically reduce prices for patented pharmaceuticals on India's National List of Essential Medicines (NLEM).
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