Essential medicines such as insulin, antibiotics, and some cancer drugs will increase in price by 3.8% starting April 1st. This is the first time drug prices have been allowed to rise since the BJP took power nationally. Over 500 drug formulations will increase in line with the annual Wholesale Price Index increase. The price hikes could significantly impact patients as some of these essential drugs are already expensive.

1. Antibiotics to insulin: Key
drugs to cost 4% more
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2. Contd..
Essential medicines including insulin, hepatitis injection, antidiabetes drugs,
antibiotics and some of the cancer medicines have become costlier by 3.8%
starting April 1.The hike could be significant as some of these drugs are
already expensive.
The government has allowed pharmaceutical firms to raise prices of 509
formulation packs, in line with the annual increase in the Wholesale Price
Index (WPI).The latest hike also applies on condoms, which are part of the
list of essential medicines -prices of which are capped by the government.
The list of 509 medicines include Alpha Interferon injection used to treat
hepatitis B and C as well as certain types of cancer, carboplatin injection also
used for cancer treatment, fluconazole capsules indicated for fungal
infections, among others.
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3. Contd..
This is the first time the government has allowed a hike in prices of
medicines ever since BJP took office at the Centre. In fact, the hike has
its roots in the drug pricing policy which mandates an annual revision
of ceiling prices of regulated pharmaceutical products based on the
WPI.
The government direct ly caps prices of a total of 348 essential
medicines based on the simple average of all medicines in a particular
therapeutic segment with sales of more than 1%.Besides, the
government also regulates prices of all other medicines and companies
are allowed to hike prices of such drugs only up to 10% in a year.
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4. Contd..
Immunization drive begins in 28 states
One of the world's largest child immunization programmes rolled out on Tuesday
across 201 districts and 28 states of the country. Depicting seven colours of the
rainbow, `Mission Indradhanush' aims to cover by 2020 all such infants who are
either unvaccinated or are partially vaccinated against-diphtheria, whooping cough,
tetanus, polio, tuberculosis, measles and hepatitis B. Sushmi Dey
2 pharma cos can get more fgn funds
In a move that would boost foreign investment, the Union Cabinet on Tuesday
approved proposals by two major pharmaceutical firms -Aurobindo Pharma and
Glenmark -allowing them to raise funds through increase in foreign investment
ceiling. With the cl earance, Aurobindo Pharma will get a fund injection of ab out Rs
2,165 crore while Glen mark will get investments worth Rs 2,022 crore.
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