Indian high court: Government did little to pharma's exorbitant profits

08/6/2013 | Business Standard (India)

India's Supreme Court said the government was procrastinating in setting ceilings on the prices of essential drugs, asking it to file its answer to a petition by All India Drug Action Network accusing drugmakers of taking excessive profits. Little has been done by the government in a decade in which drugmakers' margins soared from 10% to 1,300% in certain cases, Justice G. S. Singhvi said. The petition seeks to repeal the 2012 National Pharmaceutical Pricing Policy.

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Business Standard (India)