PHARMA COMPANIES TO GIVE DRUGS AT COST PRICE TO POOR
Leading domestic drug makers, including Wockhardt, Ranbaxy, Dr. Reddy's, Lupin and Sun Pharma, have agreed to provide medicines at cost price to the poor in return for a no-price control regime. The companies, represented by the Indian Pharmaceutical Alliance, have said a task force appointed by the PM demands that the new drug policy should provide for affordable medicines to the people below poverty line, while ensuring a price control-free regime to the industry, which needs research investments to sustain the rigours of a product patent era. IPA companies agreed to provide drugs at cost price, which the government could distribute through its own channels.
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