India says firms can't raise low prices to match price caps

03/24/2013 | Economic Times (India), The

Firms selling drugs below government-mandated ceilings may not raise their prices, according to India's upcoming drug pricing policy. The decision addresses the concerns of the World Health Organization and health care providers that setting a market-based ceiling would trigger broad price increases. At present, 74 bulk drugs or active pharmaceutical ingredients are subject to price caps, as are 348 essential or live-saving drugs.

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Economic Times (India), The

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