Eight common medicines for a variety of ailments to get costlier: Report

Eight common medicines for treating Asthma, Glaucoma, Thalassemia, Tuberculosis, and even mental health disorders like Bipolar Disorder, will get costlier because the National Pharmaceutical Pricing Authority (NPPA) has approved a price hike for 11 scheduled formulations of these medicines by 50% of their current ceiling price, according to a Financial Express report.
Also Read: First electric Royal Enfield to be unveiled on November 4, may be named ‘Flying Flea’
This comes after drug manufacturers issued applications to increase prices due to increased cost of ingredients, production, and exchange rates, according to the report.
The formulations for which the ceiling prices have been revised include the following:
Also Read: DA hiked by 3% for all central government employees ahead of Diwali
This comes after prices of 21 and 9 formulations were increased by 50% in 2019 and 2021 respectively.
The NPPA also fixed the retail price of 20 new drugs under the provisions of the Drugs Prices Control Order (DPCO), 2013, according to the report.
The regulator also fixed the retail price of the cefuroxime axetil tablet from Dr Reddy’s Laboratories, L- Carnitinr mecobalamin and folic acid tablet from cadila Pharmaceuticals.
Also Read: New AI-based human capital management venture may come soon by IPO-bound OfBusiness co-founder Nitin Jain: Report