The generic drugs being sold at the Jan Aushadhi Drug Stores are not only equal in quality but also have the same efficacy and potency as compared with the much expensive branded medicines. Under Drugs (Prices Control) Order, 1995 (DPCO, 1995), Government is mandated to control the prices of 74 bulk Drugs and its formulation as per the provisions of the said Order. National Pharmaceuticals Pricing Authority (NPPA) under the Department of Pharmaceuticals also monitors and regularly examines the movement in prices of non-scheduled formulations. The monthly reports of IMS Health and the information furnished by individual manufacturers are utilized for the purpose of monitoring prices of non-scheduled formulations. Wherever a price increase beyond 10% per annum is noticed, the manufacturer is asked to bring down the price voluntary failing which, subject to prescribed conditions, action is initiated under paragraph 10(b) of DPCO, 1995 for fixing the price of formulation in public interest. The list of price of generic medicines and the same branded medicines is not maintained by the Government.
This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
(Release ID :89294)
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