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 Industry & Economy - Pharmaceuticals


Panel for 50 pc margin for drug makers

Our Bureau

New Delhi , Nov. 17

THE committee set up by the Ministry of Chemicals and Fertilisers for looking into the price issue of medicines has recommended restricting profit margins of the manufacturers to 50 per cent.

Announcing this at the Economic Editors' Conference here on Wednesday, the Minister for Chemicals, Fertilisers and Steel, Mr Ram Vilas Paswan, said that the recommended margins would include all kinds of trade discounts offered by the industry.

The law department is examining the legality of fixing trade margins for the non-scheduled drugs, he said and added that once it is through, the modalities for implementation of the same would be developed in consultation with National Pharmaceutical Pricing Authority (NPPA) and industry.

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