India's Parliamentary Standing Committee on Health and Family Welfare has proposed a series of measures to make drugs more affordable and accessible to ordinary people, such as increasing the number of drugs under price control, a blanket cap on profit margins of all medicines and promoting the use of generic drugs, reports the Times of India, which notes that the measures, which seek to tackle the problem of the rising price of drugs, that now account for up to 80% of total health care costs, 'are bound to raise the hackles of the pharmaceutical industry.'
To add to the worries of the drug sector, the Committee has also seeks regulation of pharmaceutical companies caught bribing doctors, with stringent punishment such as cancelling their drug manufacturing licences. Making a reference to the newspaper's previous reports on the issue, the committee noted that the Medical Council of India could only regulate doctors, as it had no jurisdiction over companies and suggested that the penalization of drugmakers be effected through the Drug Controller General of India (DCGI) or the income tax department.
Original DPCO proposal never implemented
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze