India, Feb. 4 -- The Government of India issued the following news release:
The National Pharmaceuticals Pricing Policy, 2012 (NPPP, 2012) lays down the regulatory framework for pricing of drugs. The key principles for regulation of prices in 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 as against cost-based pricing under the Drugs (Prices Control) Order, 1995. The details of the policy are available in the Gazette notification dated 7th December 2012 of the Department of Pharmaceuticals
Hyperlink (https://egazette...