India, March 11 -- The Government of India issued the following news release:
The principles for regulation of prices of drugs are laid down by the National Pharmaceuticals Pricing Policy (NPPP), 2012. The key principles of regulation of prices under the said policy are (i) regulation on the basis of essentiality of drugs, (ii) regulation of prices of formulations only, i.e., medicines used by consumers and not the upstream products such as bulk drugs or intermediates, and (iii) regulation through market-based pricing and not cost-based pricing. In accordance with the said policy, the National Pharmaceutical Pricing Authority (NPPA) under the Department of Pharmaceuticals (DoP) fixes ceiling prices under the provisions of the Drugs (Prices...