Noting the lack of adequate price controls on medicines, the Supreme Court recently flagged the wide disparity between the Price to Retailer (PTR) and Maximum Retail Price (MRP) of life-saving drugs, particularly cancer medicines.

A bench of Justices Vikram Nath and Sandeep Mehta questioned how a 10-fold difference between the PTR and MRP could be permitted and whether there should be a fixed criterion to limit the disparity. Referring to the impact of such pricing on patients, Justice Mehta described the practice as “absolute rampage and carnage and broad daylight dacoity with the patients.”

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Fraud, broad daylight dacoity with patients: SC laments Exorbitant medicine pricing, flags tenfold retail price gap in essential cancer drugs

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