42 Anti-cancer drugs showed price reduction up to 90% following NPPA's price rationalization

▴ 42 Anti-cancer drugs showed price reduction up to 90% following NPPA's price rationalization
42 Anti-cancer drugs showed a price reduction of up to 90 percent following the National Pharmaceutical Pricing Authority.

Ministry of Chemicals and Fertilizers has said that 526 brands of 42 anti-cancer drugs showed price reduction up to 90 percent following the National Pharmaceutical Pricing Authority - NPPA's price rationalization initiated in February 2019.

Invoking extraordinary powers in the public interest, NPPA had launched a Pilot on Trade Margin Rationalisation for 42 anti-cancer drugs as a step towards making healthcare more affordable for cancer patients. The Pilot has led to an annual saving of 984 crore rupees to cancer patients. The Ministry said it is also a matter of great satisfaction that the Pilot has received immense support from all the stakeholders including patients' support groups.


According to the World Health Organisation, cancer is the second leading cause of death globally and in 2018 there were approximately 18 million cases globally, of which 1.5 million were in India alone.

There were around 0.8 million cancer deaths in India in 2018 against 9.5 million globally. The numbers of new cases are estimated to double in India by 2040.

Tags : #Anti-CancerDrug #MinistryofChemicalandFertilizers #NPPA #pricerationalisation #India

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Successful Removal of 3.7 KG Large Abdominal Tumor from 14-Year-Old Somalian Girl at KIMS Cuddles HospitalMay 16, 2024
iLEAD Sets a Precedent by Launching a Graphic Anthology Authored by Multimedia, Animation and Graphics Students May 16, 2024
Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT); Achieves significant advancement in Cancer Treatment to Enhance Quality of LifeMay 16, 2024
IIITH Announces Product Management Summer SchoolMay 16, 2024
Çelebi India's Delhi Cargo Terminal Successfully Handles Airbus H125 Helicopter ShipmentMay 16, 2024
Plant-Based Diets and Prostate Cancer: New UCSF Study Shows Promising ResultsMay 16, 2024
National Medical Commission Approves 112 New Medical CollegesMay 16, 2024
Study Suggests That Chemotherapy Results in Physical Decline for Older Women with Breast CancerMay 16, 2024
Google DeepMind's AlphaFold 3: Revolutionizing Drug Discovery with AIMay 16, 2024
Hester Biosciences Ltd reports Consolidated Revenue growth of 18% at Rs. 79.3 crore, EBITDA up 37% to Rs. 16.4 crore and Net Profit up 12% to Rs. 6.40 crore in Q4FY24May 16, 2024
Akshay Tritiya Parna Mahotsav heldMay 16, 2024
IT Minister Sridhar Babu to grace the 10th National Facilities Managers Summit-2024, to be held in the cityMay 15, 2024
Alarming Study Reveals Cancer-Causing Chemicals in Car InteriorsMay 15, 2024
India's Thalassemia Challenge: The Importance of Early Screening and TreatmentMay 15, 2024
The Dangers of Ultra-Processed Foods: A 30-Year Study Raises AlarmsMay 15, 2024
Unique Genetic Risk Factors for Breast Cancer Found in African Ancestry StudyMay 15, 2024
AsiaMedic partners with Sunway to establish new diagnostic imaging centreMay 14, 2024
Kamineni Doctors Successfully Remove Bone Stuck Near Heart in Elderly PatientMay 14, 2024
On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology NursesMay 14, 2024
Shiprocket announces Shiprocket Growth Academy to upskill 100,000 Indian MSMEs through eCommerce learningMay 14, 2024