India lifts price caps on innovative and orphan drugs; major fillip for Big Pharma
The Indian government has decided to keep its hands off the pricing of new drugs. New legislation announced on January 4, 2019, is set to remove price restrictions on new and innovative drugs developed by foreign pharmaceutical companies for the first five years, reports The Pharma Letter’s India correspondent.
In a rider, the government notification states the provisions of the Drug Price Control Order (DPCO) 2013 will not apply to drugs for treating orphan diseases as decided by the Ministry of Health and Family Welfare.
The move is set to give Indian patients access to drugs that are currently only available outside the country. These include orphan drugs that are used for treating rare medical conditions.
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