Don’t miss the latest developments in business and finance.

Govt caps prices of 36 more drugs

Ranbaxy, Cipla, Cadila Healthcare among companies that will be affected

Reuters Mumbai
Last Updated : Sep 19 2014 | 3:38 PM IST

Government has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority said on Friday.

The medicines join the 348 drugs deemed essential which are also subject to price caps. Drug price control has become a particularly contentious issue in India, where drugmakers say prices are already among the lowest in the world.

Drugmakers, including Cipla Ltd , Ranbaxy Laboratories Ltd , and Cadila Healthcare Ltd are among the companies that will be affected by the latest decision, research firm AIOCD Pharmasofttech AWACS Pvt Ltd said.

An official at the department of pharmaceuticals, which controls the drug pricing authority, confirmed the price cap move, but declined to give details.

 

More From This Section

First Published: Sep 19 2014 | 3:11 PM IST

Next Story