The prices of antibiotics will see a major change. The range of price cut in antibiotics will be 15-50 per cent, depending on strength of the medicine. For instance, the MRP of paracetamol, a key analgesic used for pain relief, would drop 25-55 per cent. While paracetamol injection will get 25 per cent cheaper, prices of syrups and tablets will fall 35 and 55 per cent, respectively.
The price revision is in line with the Drug Price Control Order (DPCO), 2013, recently notified by the government, which mandates NPPA to cap prices of 348 essential medicines based on an arithmetic average of all drugs in a particular segment that have market share of more than one per cent. The new formula also doesn't allow companies to raise prices, if they are already below the cap.
Drug makers will have 45 days from the date of notification to replace the existing stock with new packs carrying revised MRPs.