The prices of essential drugs and lifesaving medicines are set to increase by over 12% from the beginning of the coming month. This hike will encompass 384 essential drugs in the National List of Essential Medicines (NLEM).
These drugs include – analgesics, antibiotics, and cardiac medicine. Recently, the National Pharmaceutical Pricing Authority (NPPA) announced that the price rise is occurring due to wholesale price inflation – based on the provisions of the DPCO (Drugs Price Control Order). In comparison, the last year’s change in WPI was 10.7%, while the 2021 WPI increase was 0.53%.
Further, the prices of 25 drugs have been fixed – as per the DPCO, 2013. These include - Camylofin Dihydrochloride and Paracetamol tablets – ₹5.53, and Itraconazole capsules – ₹20.72.
The fixing of prices is to affect over 800 essential medicines and medical devices.
Pharmaceutical companies will be issuing the altered prices through Form-V. These companies include – Abbott, Alembic, Aristo-Pharma, Cipla, Glenmark Pharma, Lupin, Mankind, Sun Pharma, Torrent, Wockhardt, and Zydus Healthcare, among others.
Of note, this is the second year in a row that the price rise of scheduled drugs will be higher than non-scheduled drugs.
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