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Union Government caps prices of 24 essential drugs

The Union Government has capped the prices of 24 essential drugs used for treatment of cancer, HIV, bacterial infections, anxiety and cardiac conditions. In this regard, the Drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) has issued an order. 
•    It also monitors the maximum retail prices of all the drugs and companies are allowed to hike prices of non-scheduled drugs by up to 10% in a year. 
•    Pharmaceutical Pricing Authority (NPPA) is nodal government regulatory agency that controls the prices of pharmaceutical drugs in India. 
•    Essential medicines are those that satisfy the priority health care needs of the country’s population. 
•    They are listed with reference to the levels of healthcare namely primary, secondary and tertiary. 
•    They are generally based on the country’s disease burden, priority health concerns, affordability concerns etc. 
•    In India National List of Essential Medicines (NLEM) formed in 2011 decides the essential medicines.