Sri Lanka, Nov. 22 -- The Ministry of Health has introduced price controls on 350 types of medicines, marking a significant step in regulating the country's pharmaceutical sector and making essential medicines more affordable for consumers, Health and Mass Media Minister Dr. Nalinda Jayatissa said. The move is expected to substantially reduce the cost of several key medicines in the local market.

The Minister made these remarks at an event held at the Ministry of Health to introduce the first batch of regulated medicines and several new types of medicines to the market. Dr. Jayatissa noted that the National Medicines Regulatory Authority, under the National Medicines Regulatory Authority Act No. 5 of 2015, has had the power to regulate m...