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'Withdrawing customs duty may lead to hike in medicine prices'

'Withdrawing customs duty may lead to hike in medicine prices'

The government's move to withdraw customs duty exemption on imports of around 74 drugs would help in local production of bulk drugs and thereby create demand for the local production but it may also lead to rise in prices for these medicines.

Turing CEO Martin Shkreli arrested in securities fraud probe

Martin Shkreli, a lightning rod for growing outrage over soaring prescription drug prices, was arrested in New York by the FBI on Thursday on securities fraud charges involving his former hedge fund and a pharmaceutical company he previously headed.

Supreme Court court seeks review of drug pricing policy

The Supreme Court has asked the central government to reexamine its pricing policy for essential medicines after a group of non-governmental organisations challenged the provisions, a lawyer involved in the case said.

China lifts price controls on most medicines

In a major reform in its mostly state-controlled health sector, China Tuesday announced that it will lift price controls on most medicines from next month in a bid to keep drug prices in check by adopting market-driven pricing system.

Drug price monitoring cells across India planned

 The government plans to set up monitoring cells across the country to keep a watch on price movements, collections and availability of drugs.

615 drugs under control regime, more steps in offing: Govt

Government said that by next month, it will come out with a new list of life-saving drugs whose prices would be controlled.

No increase in prices of essential medicines: Govt

Refuting Opposition's contention, the government on Friday said there had been no increase in the prices of essential drugs in the last six months.

Cipla gains after April-June margins expand sequentially

Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

CII seeks PM's intervention over drug price fixing

Industry chamber CII has sought Prime Minister Narendra Modi's intervention over "unilateral fixing" of drug prices by NPPA saying the exercise based on "an inequitable formula" has done collateral damage to indigenous industry.

Make essential drugs affordable for all: Cipla

Amid US firms' allegations of patent norm violations against Indian pharma companies, leading domestic drug maker Cipla has said that "essential" medicines be made available to people at affordable rates and should not be sold under "monopoly".

Britain unveils new scheme to curb drug prices

Britain`s Department of Health unveiled a new five-year scheme on Wednesday to curb prescription drug prices and ensure the state healthcare system gets good value for money.

Drugs pricing row: HC extends relief to Cipla Ltd till Aug 27

Delhi High Court on Tuesday extended the operation of its earlier order asking the Centre not to take coercive steps against pharma major Cipla Ltd which was told to replace stocks in the market with those carrying reduced prices within 45 days of new price notification.

Regulating drug prices: GoM to meet stakeholders today

A ministerial panel, which is examining the issue of regulating prices of 348 drugs, is likely to meet Monday with stakeholders, including companies and civil society, before finalising the new pharma policy.

Regulating drug prices: GoM to meet stakeholders Monday

A ministerial panel, which is examining the issue of regulating prices of 348 drugs, is likely to meet Monday with stakeholders, including companies and civil society, before finalising the new pharma policy.

Concerns over drug prices under FTA raised with EU

Apprehensions that prices of cheap medicines will shoot up if India and European Union sign a Free Trade Agreement (FTA) were on Friday raised with visiting President of the European Council Herman Van Rompuy by a representative of HIV-positive patients.

E&Y report warns of hike in drug prices

Drug prices are expected to increase over the next few years in the country, according to a report prepared by the research agency Ernst & Young.

Drug prices to plummet in wave of expiring patents

The cost of prescription medicines used by millions of people every day is about to plummet.

Drug prices to plummet in wave of expiring patents

The cost of prescription medicines used by millions of people every day is about to plummet.

Millions die because of high malaria drug prices

Nearly a million people die from malaria each year because they cannot afford the most effective treatment and instead often buy old drugs to which the malaria parasite has become resistant, researchers said on Monday.

Millions die because of high malaria drug prices

Nearly a million people die from malaria each year because they cannot afford the most effective treatment and instead often buy old drugs to which the malaria parasite has become resistant, researchers said on Monday.