Criteria for Fixing the Price of Medicines

The existing price control mechanism is as per the provisions of the Drugs (Prices Control) Order, 1995 vide which presently prices of 74 bulk drugs and the formulations containing any of these scheduled drugs are controlled. NPPA fixes or revises prices of controlled drugs / formulations including the imported formulations as per the provisions of the DPCO, 1995 and this is a continuous process. The prices are fixed / revised based on the applications of the companies and by applying the formula given in para 7 of DPCO, 1995.

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.

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NSK/DB