Cipla slashes cancer drug prices by 64%
New Delhi: Drug major Cipla on Thursday slashed prices of its three generic cancer drugs -- Erlocip, Docetax and Capegard -- by up to 64 percent.
The drugs are used for treating lung and pancreatic cancer, breast cancer, head & neck cancer, gastric cancer, bladder, colorectal and colon cancers, it added.
The lung cancer drug Erlocip will now cost Rs 9,900 for thirty tablets against its earlier price of Rs 27,000, while Docetax used for treating breast cancer, head & neck cancer, gastric cancer and bladder cancer will now cost Rs 1,650 from its earlier price of Rs 3,300, Cipla said in a statement.
Capegard, another cancer drug that treats breast, colon and colorectal cancer will now be available at Rs 600 for 10 tablets from its earlier price of Rs 1,200, it added.
"Continuing its contribution towards affordable and accessible treatment for patients, Cipla extends the work done in HIV/AIDS and malaria to now include cancer, not only in India but globally," Cipla Chairman and Managing Director YK Hamied said.
Earlier in May this year Cipla had slashed prices by up to 76 percent of its generic drugs, used in treating cancers of brain, lung and kidney.
The move came on the back of the government permitting domestic firm Natco Pharma to manufacture and sell cancer treatment drug Nexavar at a price over 30 times lower than charged by its patent-holder Bayer Corporation.
In an order by Controller of Patents in March, Natco was allowed to sell the drug at a price not exceeding Rs 8,880 for a pack of 120 tablets required for a month's treatment as compared to a whopping Rs 2.80 lakh per month charged by Bayer for its patented Nexavar drug.
More from India
More from World
More from Sports
More from Entertaiment
- 7th Pay Commission recommends 23.55% hike in salary for central govt employees; minimum salary set at Rs 18,000 per month
- Shocking fact of pay 'hike' in 7th Pay Commission recommendations!
- Full Report of 7th Pay Commission
- Unbelievable! Clean and healthy meals on Indian Railways at just Rs 20
- E-commerce war: Paytm Diwali sale offers 100% cashback on 25 million products