India Sets Drug Pricing
There is a lot of talk drug prices and pricing in the news today. China and India and often mentioned as sources for cheap generic bulk active ingredients. It was interesting then to find that India is setting pricing regulations for 324 generic drugs.
India Sets Risky Drug Price Rules - Forbes.com
This is an interesting situation and is creating divisions within the India government. Since the pharmaceutical industry is one of the fastest growing industries in India, the fear is that it will slow grow in this area. There is also concern over the affordability of drugs in India for the poor.
Drug pricing is a controversial issue and is made worse by those who claim that “free markets” will set the price. This ignores the fact the the majority of developed countries in the worlds governments control prices. There is NO free market when it comes to drugs.
Technorati Tags: drug cost, drug price, India
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