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Create Date | July 13, 2022 |
Update Date | July 13, 2022 |
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Summary of National Pharmaceutical Pricing Authority
The National Pharmaceutical Pricing Authority (NPPA) may be a government administrative body that controls the costs of pharmaceutical drugs in India. National Pharmaceutical Pricing Authority (NPPA) was constituted vide Government of India Resolution dated 29th August 1997 as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers as an independent Regulator for pricing of medication and to make sure availability and accessibility of medicines at affordable prices.The NPPA regularly publishes lists of medicines and their maximum ceiling prices. On 1st April 2022 NPPA increased over 800 medicines under the National List of Essential Medicines (NELM) by over 10%. the value increased was supported the Wholesale price level (WPI) data provided by the office of the Economic Advisor, Ministry of Commerce and Industry, the annual change in WPI works out as 10.76607% during the year 2021 over the corresponding period in 2020. the newest DPCO was released in 2013 and encompasses a list of 384 drugs. On 4 December 2017, it had been announced that a Multi-disciplinary committee of experts for consultation on matters about the implementation of the Drug control Order (DPCO) including technicalities involved in pricing and new launches are founded and it'll have a member secretary of the National Pharmaceutical Pricing Authority (NPPA) as its convener.
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