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Legal Central Ministry of Chemicals and Fertilizers Essential Commodities Act, 1955

Drugs (Prices Control) Amendment Order, 2023

11-May-2023 | S.O. 2165(E)

Department of Pharmaceuticals has issued Notification regarding amendment in the Drugs (Prices Control) Order, 2013, effective from 11th May 2023 some highlights of the amendment are- (i) the retail price of the new drug shall be arrived at by reducing fifty per cent. of the price calculated and if the new drug is not available in the domestic market, the retail price of the new drug shall be fixed as per the provisions of the amendment order. (ii) after one year from the date on which the retail price was fixed or the date on which price to retailer of at least one company fixed is captured in the pharmaceutical market database, whichever is later, the retail price for the subsequent manufacturers shall be fixed as per the amendment order. (iii) In the case of scheduled formulation or its molecules or components or ingredients, which are patented under the Patents Act 1970, the ceiling price, on expiry of the patent, shall be revised by reducing the present ceiling price by fifty per cent., and after one year, the ceiling price shall be revised again as per the provisions of the amendment order.

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