Pharma firms ask Govt nod to increase drug prices by 20 percent

In view of the unprecedented crisis faced by Indian pharmaceutical firms due to the tremendous escalation of input costs, a lobby group that represents over 1,000 Indian pharmaceutical manufacturers has sought the government to allow drug makers to increase prices of all non-scheduled pharmaceuticals by 20 percent.

Non-scheduled medications are currently allowed a maximum annual price rise of 10%

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Pharma Firms Seek Govt Nod To Hike Drug Prices By 20 Percent: Report