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Indian Pricing Authority Intent On Recovering Funds From Drug Companies That Allegedly Overcharged Consumers

This article was originally published in PharmAsia News

Executive Summary

NEW DELHI - India's drug price regulator, the National Pharmaceutical Pricing Authority, which monitors and fixes drug prices and their availability in India, has accelerated its efforts to recover $411 million that drug manufacturers have allegedly overcharged consumers for controlled drugs in the last 12 years

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Over half the population is uninsured, and unlike consumer durables where buying decisions depend on personal research and budget, in medicines their purchase decisions hinge on what is prescribed by doctors not by free choice, Banerjee argues.

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