Prices of Anti Cancer medicines to be reduced | Current Affairs, Current Affairs 2019

Prices of Anti Cancer medicines to be reduced

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The National Pharmaceutical Pricing Authority (NPPA), under Ministry of Chemicals & Fertilizers, has put out list of 390 anti-cancer non-scheduled medicines with MRP reduction up to 87 %.

NPPA had put 42 anti-cancer drugs under 30% Trade Margin cap. Manufacturers and Hospitals were directed to convey revised MRP, to be effective from 8th March, 2019, based on the Trade Margin (TM) formula. 390 brands i.e. 91% of the 426 brands reported by manufacturers, showed downward price movement.

The average out of pocket expenditure for cancer patients is 2.5 times that for other diseases.This move is expected to benefit 22 lakh cancer patients in the countryand would result in annual savings of approx. Rs. 800 crores to the consumers.

The Trade Margin rationalisation for 42 anti cancer drugs was rolled out as Proof of Concept, stressing on the new paradigm of self-regulation by the Industry. The manufacturers of these 42 drugs have been directed not to reduce production volumes of brands under regulation.

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