New Delhi, Feb. 27

The drug price regulator, National Pharmaceutical Pricing Authority (NPPA), has recovered Rs 98.76 crore till January, 2006, from companies that were overcharging their drugs.

In a written reply to a question in Lok Sabha, the Minister of State for Chemicals and Fertilisers, Mr B.K. Handique, said the NPPA, since its inception in August 1997 till January 2006, had raised a total demand of Rs 693.94 crore from 331 cases of overcharging for drugs by various companies.

"Of these, around Rs 98.76 crore has been recovered up to January 2006, which includes part recovery in cases under litigation as per court order," the Minister said. However, no case of overcharging by drug companies has been referred to the Enforcement Directorate or Serious Fraud investigation office.

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(This article was published in the Business Line print edition dated February 28, 2006)
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