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The National Pharmaceutical Pricing Authority (NPPA) is a government regulatory agency that controls the prices of pharmaceutical drugs in India. [1] National Pharmaceutical Pricing Authority (NPPA) was constituted vide Government of India Resolution dated 29 August 1997 as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers as an independent ...
In India, the government first enacted price controls in 2013 for the Drug Price Control Order (DPCO). This order gave the local regulatory body and the Pharmaceutical Pricing Authority the power to set ceiling prices on the National List of Essential medicines. [20]
The United States' International Trade Administration reports the OECD companies with price controls drug prices range from 18 to 67 percent lower than the US's, depending on the drug. [143] There are several reasons why some experts believe that price controls on the pharmaceutical industry have some serious downsides.
The price cuts will impact how much the government pays for the drugs as it aims to save $25 million per year by 2031. It could also save money for consumers who pay a portion of a drug's cost ...
The 15 drugs accounted for $41 billion, or 14%, of total Medicare Part D spending between Nov. 1, 2023, and Oct. 1, 2024.
Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new ...
In February 2022, the National Pharmaceutical Pricing Authority, India's pharmaceutical regulator, granted a five-year rare exemption from price control for MeRes100 BRS under the provision of the Drug Price Control Order 2013. [15] [16] The development of MeRes100 took around two to three years to complete. [2]
Drug Price Competition and Patent Term Restoration Act; Long title: An Act to amend the Federal Food, Drug, and Cosmetic Act to revise the procedures for new drug applications, to amend title 35, United States Code, to authorize the extension of the patents for certain regulated products, and for other purposes.