Indian pharmacy crisis

October 1, 2013

“Numerous” pharmacies across India are reportedly shutting down under the new formula-based pricing policy of the Drug Price Control Order (DPCO) which was introduced in May this year. According to The Economic Times, since implementation of the new government drug pricing reforms, the price of around 150 drugs has dropped by 20-25% on average, (and in some cases by up to 80%) with pharmacies forced to keep prices at specified prices reducing profit margins from the current level of around 16%. Up to 120 pharmacies in Mumbai alone have closed since the price enforcement, the report claims.

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Pharmacy Daily | Indian pharmacy crisis

Indian pharmacy crisis

Other recent headlines

WA group stocks vapes

Fujitsu to protect against cyber threats

PD breaking news – Queensland pharmacies scope of practice pilot expanded

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES