Indian Minister Defends Price Controls In Face Of Industry Opposition
This article was originally published in PharmAsia News
Executive Summary
A minister of the Indian government defends the country's price-control policy as not as punitive on drug makers as they claim. Chemicals and Fertiliser Minister Ram Vilas Paswan denied claims of drug makers, saying they earn enough that they are not adversely affected by price controls. The industry has threatened to stop making certain drugs if controlled profit margins on bulk drugs, lowered in March, are not moved back up. Drug makers note the increased cost of raw materials they use to make their drugs and increased fuel and other costs. (Click here for more