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Govt. slashes price of 390 cancer drugs up to 87%
BS RAWAT
NEW DELHI : The Indian government has brought 390 non-scheduled anti-cancer drugs under price control, capping trade margin, that would reduce retail prices of these medicines by up to 87 per cent.
The revised prices came into effect from March 8, 2019. Manufacturers and hospitals were directed to convey revised MRP based on the Trade Margin formula.
390 brands i.e. 91% of the 426 brands reported by manufacturers, showed downward price movement, an official release said.
On February 27, 2019, National Pharmaceutical Pricing Authority had put 42 anti-cancer drugs under 30% Trade Margin cap.
The average out of pocket expenditure for cancer patients is 2.5 times that for other diseases. This move is expected to benefit 22 lakh cancer patients in the country and would result in annual savings of approx. Rs. 800 crore to the consumers.
The Trade Margin rationalisation for 42 anti cancer drugs was rolled out as Proof of Concept, stressing on the new paradigm of self-regulation by the Industry. The manufacturers of these 42 drugs have been directed not to reduce production volumes of brands under regulation.
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