Indian regulator allows price hikes for Cipla and Glenmark
India’ National Pharmaceutical Pricing Authority has allowed both Cipla (BSE: 500087) and Glenmark Pharma (BSE: 532296) to enhance pricing for two of their respiratory products after they were termed innovative compared to other similar products available in the market.
While the NPPA allowed Cipla to price its Synchrobreathe Inhaler Device a different one than the ceiling price already recommended by the regulator, a similar nod was granted to Glenmark's digital dose counter, sold under the brand name Digihaler.
The NPPA had received an application from Glenmark for its formulation: (a) Budesonide 100mcg+ Formoterol 6mcg per dose Inhaler 120 MDI (b) Budesonide 200mcg+ Formoterol 6mcg per dose Inhaler 120 MDI and (c) Budesonide 400mcg+ Formoterol 6mcg per dose Inhaler 120 MDI - having a digital dose counter.
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