Govt fixes trade margins of over 40 costly cancer drugs
The minister informed the House that the MRPs of these cancer medicines have been capped in such a manner that it cannot be more than 60 percent of the first price that a manufacturer sells to a distributor in India.;
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New Delhi: The government has fixed trade margins of over 40 costly cancer drugs following which prices have come down significantly, Union Health Minister Mansukh Mandaviya informed the Rajya Sabha on Tuesday. Replying to supplementaries during the Question Hour, the minister also said India now has the capability to manufacture cancer treatment drugs, which are otherwise imported.
"We had to import cancer medicines but now India is capable of manufacturing it. We have introduced PLI scheme under which the manufacturing of APIs (active pharmaceutical ingredients) required for making cancer medicines have also started in India," Mandaviya said.
"Apart from that, as per requirement such medicines are imported but we have fixed the trade margins of 44 cancer medicines which are very costly," he said.
The minister informed the House that the MRPs of these cancer medicines have been capped in such a manner that it cannot be more than 60 per cent of the first price that a manufacturer sells to a distributor in India.
"After fixing the trade margins, the price of cancer treatment medicines have come down significantly, which is benefiting cancer patients," Mandaviya asserted.
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