Pleasures may soon drop to 80 percent Prices of drugs

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New Delhi, November 27, 2019 Tuesday

With the central government's proposal to keep trade margins at 30 percent, drug prices could drop by 80 percent in the country, with the drug industry agreeing.

In the coming days, the country may get relief from expensive medicines. Local medicine industries and merchants agree on the central government's proposal to maintain a 30 per cent trade margin on medicines outside the prize control.

The proposal was agreed at a meeting between the Drug Prize Regulator, the Pharma Lobby Group and industry associations on Friday. Sources present at the meeting have given this information. The upper limit of 30 percent on the trade margin, including other proposals such as price controlled drugs on 100 percent Flat. Trade margins have been emphasized.

Deepanath Roy Chowdhury, President of the Indian Drug Manufacturers Association (IDMA) said, "We have no problem with the rationalization of trade margins. Trade margins have also been fixed at 30% on cancer drugs. It is fine if it is applied to other products." Then it should be applied sequentially '

Two sources familiar with the matter said that all Indians and multinational pharma lobbies agreed with the upper limit of 30 percent.

Big companies will be affected

The move by the government is likely to affect generic divisions along with large pharma companies such as Sun Pharma, Cipla Tatal Lupine. They will have to cut the Maximum Retail Prize (MRP). Mankind Pharma's chairman RC Juneja announced a 30 percent share of the trad margin He said that the proposal would be beneficial to the consumers and said that it would boost the industry

The price won't make much difference

Philip Capital's Pharma Analyst Surya Pharka said that a 30 percent trade margin is already in effect on medicines beyond the prize control limit. It has a retailer's 20 percent and wholesaler's 10 percent margins. Sells goods to stockists and trades at the distance from which the customer is charged. Not called.

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