IPA MEMBERS VOLUNTARILY REDUCE PRICES OF 216 GENERIC PACKS

Indian Pharmaceutical Association (IPA) has claimed that their member associations have voluntarily cut down the trade margins on generic drugs exclusively promoted through trade route, resulting in a price reduction in the range of 2 to 70 per cent on these drugs. In a communication to the Department of Chemicals and Petrochemicals, IPA indicated that the changes would reflect on 216 packs of generic medicines marketed by Alembic, Ranbaxy, Emcure and Unichem. Pharmabiz (http://pharmabiz.com/article/detnews.asp?articleid=35292)