Drugs/Medicines exempt from publishing MRP
Why are drugs and medicines exempted from publishing MRP? If medical devices are going to have MRP, so should all drugs. more
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The Drugs Prices Control Order, 1995 issued under Sec. 3 of Essential Commodities Act, 1955 to regulate the prices of drugs. The Order interalia provides the list of price controlled drugs, procedures for fixation of prices of drugs, method of implementation of prices fixed by Govt., penalties for contravention of provisions etc. For the purpose of implementing provisions of Order , powers of Govt. have been vested in NPPA. 74 out of about 500 commonly used bulk drugs are kept under statutory price control. All formulations containing these bulk drugs either in a single or combination form fall under price controlled category. However, the prices of other drugs can be regulated, if necessary in public interest. The manufacturer of a non-scheduled drugs (drugs not under direct price control) is not required to take price approvals from NPPA for such drugs. However, NPPA is to monitor the prices of such drugs and take corrective measures where warranted and their includes the power to fix and regulate such prices. The manufacturer of the formulation is required to print such retail price on the label of the product. In case of controlled formulations the retail price is a price arrived at or fixed in accordance with the provisions of Drugs (Prices Control) Order, 1995. more
May 04
In generic medical shops those generic medicines are sold at 70 to 80% discount . The MRP printed are at par with branded ones. Why MRP is printed at par with branded medicines when they are sold at Heavy discount. Can any one explain. more
May 03
Not true. You can find out MRP from Drug Today and many other quarterly books and also on internet. more
Feb 09
In every strip or bottle there are mention of MRP except the free medical samples.MIMS,CIMS or Medical today publishes about the products of various companies obviously the dealers price and MRP. more
Feb 09
