PHARMACEUTICAL PRICING POLICY AND CONTROL– INDIAN PERSPECTIVE
DOI:
https://doi.org/10.22159/ajpcr.2016.v9i6.14461Abstract
ABSTRACT
Pharmaceutical sector is playing a vital role towards the wellness of the people and economic development of India. The innovation, development, production and marketing of medicines are accountable to pharmaceutical industry. Drugs and pharmaceuticals, healthcare delivery, medical devices among others come under the purview of healthcare sector. It is the duty of the Government to ensure the availability of the lifesaving drugs at reasonable prices by means of considering the interest of both the producers and the buyers. In order to safeguard the public health, National Pharmaceutical Pricing Authority (NPPA) is the watchdog in India, which controls the prices of drugs.
Keywords: Pharmaceutical sector, Price, Drugs, Regulator,NPPA,DPCO
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