Govt mulls new price formula for patented drugs – Linking patented drug prices to per capita income

Govt mulls new price formula for patented drugs – Linking patented drug prices to per capita income

Posted in Pharma News

No comments

By Unknown

The Department of Pharmaceutical (DoP) has come up with a formula to price patented drugs in order to end a constant irritant for global drug makers, but given the complexity its implementation may be tricky. A government panel has proposed that prices of patented medicines be based on the country’s per capita income, a move that would substantially reduce prices of costly drugs made by global pharmaceutical firms. This formula-based pricing of expensive drugs will eliminate the uncertainty associated with the discretionary...