Indian parliamentary committee recommends price caps for all drugs

April 21, 2015 2:55 PM

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MUMBAI, April 21 (Reuters) - An Indian parliamentary committee has recommended that price caps should be extended to all drugs in the country and that the government should expedite the capping process.

Indian law allows the National Pharmaceutical Pricing Authority (NPPA) regulator to fix prices of drugs on a list of essential medicines, thereby keeping prices in check in a country where a majority of people live on less than $2 a day and health insurance is scarce.

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