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Medicine Price List
As per available reports about 69 relevant journals, 28 Conferences, 30 workshops are presently dedicated exclusively to medicine price list and about 5476 articles are being published on medicine price list.
Medicine Price means the product of units of formulations sold by a manufacturer or an importer, as the case may be, in an accounting year multiplied retail price inclusive of sales tax, if any, paid or direct sales by the manufacturer or importer but does not include excise duty and local taxes, if any;
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Scope and Importance
Medicine price list is a branch of pharmacy which deals with the patient care and medication and promotes health, wellness and disease inhibition. The pharmacist works in management with the doctors for the patient healthcare. Clinical pharmacists have wide education in the biomedical, pharmaceutical, and clinical sciences. Medicine price list consist of all the services accomplished by pharmacists practicing in hospitals, community pharmacies, nursing homes, home-based care services, clinics and any other setting wherever medicines are prescribed and used. The term "clinical" does not necessarily suggest an action implemented in a hospital setting. It defines that the type of activity is connected to the health of the patients. This suggests that community pharmacists and hospital pharmacists both can accomplish Medicine price list activities.
Countering the industry’s claims that the decontrol of prices will cause an annual loss of revenues of over Rs.600 crores, activists note that NPPA’s action on the market will be marginal. It will affect only those brands that were selling at very high prices. “We have analysed the impact of the notifications and found that the retail market of Rs.77,526 crores (Moving Annual Total, June 2014) would experience a loss of Rs. 350 crores (AIOCD-AWACS, PharmaTrac Data, 2014). This represents a loss of approximately only 2 per cent (Rs112 crore) in the anti-diabetic therapy segment and 2.5 per cent (Rs238 crore) in the cardiac therapy segment.
There are also criticisms that the market based price fixation being followed by the government, which is a departure from the long used cost-based price control mechanism, is irrational since the ceiling prices are still very high. Many medicines are sold by reputed companies much below the ceiling price. For instance, the ceiling price of atorvastatin 40mg is Rs22.02 per tablet, while Biochem Pharmaceuticals is selling the same at a much lower price of Rs14.94 per tablet. The ceiling price of glimepiride 3mg is Rs10 per tablet, while Ipca Laboratories has been able to sell it for Rs6.90 per tablet.
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This page was last updated on 12th Sep, 2015
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