National Pharmaceutical Pricing Authority (NPPA): NPPA was established in 1997 as an office under the Ministry of Chemicals and Fertilizers. It is responsible for regulating the prices of drugs in the country and ensuring their availability, accessibility and affordability to every citizen of the country. Its key function is to implement and enforce the provisions …
How is the pharmacy market in India currently shaped? Unlike the US, where the top three pharmaceutical distributors have a 90 per cent share in the market, India’s is a fragmented market with over 8 lakh pharmacies. This gives online pharmacies an opportunity to capture their space without opposing large traditional retailers. Currently, companies in …
CCI Report on Pharma Sector: Pharmaceutical Sector: Globally, India ranks 3rd in terms of pharmaceutical production by volume and 13th by value. Out of Pocket Expenditure(OOPE): Pharmaceuticals including generic drugs account for about 43.2% of out of pocket healthcare expenditure in India and about 62.7% of the total health spending in the country. Generic Drugs: India is the …
Context: Different prices of same COVID vaccines for centre and state. How does the government regulate the pricing of drugs? The Government of India regulates the pricing of essential drugs through its Essential Commodities Act, 1955. Under Section 3 of the Act, the government has enacted the Drugs (Prices Control) Order. The DPCO lists over …
Pharmaceutical Industry in India The pharmaceutical industry in India is the 3rd largest in the world in terms of volume and 14th largest in terms of value. India is the largest provider of generic drugs globally. Indian medicines are preferred worldwide, thereby rightly making the country the “Pharmacy of the World”. PLI Scheme for Pharmaceuticals: …
What are Fixed dose combinations (FDC) Drugs? FDC drugs are drugs having two or more active ingredients in a single dosage. They are widely used to improve patient compliance as it is easier for them to take one drug than several. They are acceptable only when the drugs so combined have a therapeutic advantage. What …
Union Health Ministry has released draft rules on sale of drugs by e-pharmacies to regulate online sale of medicines across India. These rules also have been proposed to ensure accessibility and availability of genuine drugs to the people across India from authentic online portals. Key features of rules It is mandatory for online pharmacies …
DTAB is highest statutory decision-making body on technical matters related to drugs in the country . It is constituted as per the Drugs and Cosmetics Act, 1940. It is part of Central Drugs Standard Control Organization (CDSCO) in the Ministry of Health and Family Welfare.
The Reserve Bank of India (RBI) has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against NBFCs registered with RBI under section 45-IA of the RBI Act, 1934. Ombudsman : The ombudsman will provide cost-free and expeditious complaint redressal mechanism relating to deficiency in services by non-banking financial companies covered under …