Sunday, Sep 19, 2021
Outlook.com

'Cap On Generic Drug Prices Needed'

The chemicals and fertiliser minister says the government is not penalising the pharma industry

'Cap On Generic Drug Prices Needed'
'Cap On Generic Drug Prices Needed'
outlookindia.com
-0001-11-30T00:00:00+05:53
Excerpts:

By forcing it to lower prices of drugs, is the government penalising the pharma industry to overcome shortcomings in the public health infrastructure?
How are we penalising the industry? To ensure that those below the poverty line get affordable drugs, the government has plans to provide Rs 3,000 crore. This year alone, around 1,20,000 families would be covered under this programme, for which the industry has not been asked to contribute funds. We are only asking it to cut the prices of those drugs where their profit margins are way above the manufacturing cost.

Pharmaceuticals are withdrawing price-controlled drugs and pushing sales of expensive substitutes...
The use of a particular drug does not depend on the manufacturing company, but on market mechanics. Cheaper drugs have lower promotional funds. Unfortunately, the use of a drug depends on medical practitioners; patients buy the drug prescribed by the doctors, who may not necessarily recommend a cheaper drug. When the demand for a price-controlled or cheaper drug starts...

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