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Jun. 28 2016
STAY ORDER by the Bombay HC regarding DPCO drugs Bom HC imposes stay order on govt's move to cap drug prices 27 Jun 2016 08:34 PM | Source: CNBC-TV18
STAY ORDER by the Bombay HC regarding DPCO drugs Bom HC imposes stay order on govt's move to cap drug prices 27 Jun 2016 08:34 PM | Source: CNBC-TV18
STAY ORDER by the Bombay HC regarding DPCO drugs Bom HC imposes stay order on govt's move to cap drug prices
27 Jun 2016 08:34 PM | Source: CNBC-TV18
 
The Bombay High Court has imposed an interim stay on the government's decision to cap prices of 530 drugs.
 
Pharma companies have already undertaken price cuts on the account of wholesale price index, which was -2.7 percent in 2015, as prescribed by norms of drug price regulator National Pharma Pricing Authority (NPPA).
 
The drug price control order would have impacted sales of Indian pharma companies to the tune of 2 percent of sales.
 
The court today said companies need not take any further price cuts over the WPI, which would be under the revision of the national list of essential medicines. 
 
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Pl note due to wpi index Nppa reduce 2.71% rate reduction order dated 2 march list product 
Thouse product all ready reduce rate as per declired rate that product also reduced 2 .71% ceailng rate only bombay high court releated order sir .
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