Home |Hyderabad |Cancer Drug Prices To Fall By Up To 70 Pc Under 30 Pc Trade Margin Cap From November 9
Cancer drug prices to fall by up to 70 pc under 30 pc trade margin cap from November 9
The government has capped trade margins on 137 non-scheduled anti-cancer drugs at 30 per cent, with revised prices taking effect on November 9. The NPPA expects prices to fall by up to 70 per cent and annual patient savings to reach Rs 2,500 crore.
Hyderabad: Maximum retail prices for 137 critical non-scheduled anti-cancer drugs have been slashed by up to 70 percent following a regulatory cap on trade margins at 30 percent, promising substantial financial relief to cancer patients across India.
Cancer medicines have notoriously carried massive price tags because middlemen extracted their share of margins before the medicines hit the pharmacy shelf. Under the new rule, the government has made it clear that anyone selling these drugs can only add a maximum 30 percent margin on top of the original wholesale price.
For patients and families dealing with expensive targeted treatments and immunotherapies, the new rule will go a long way in making expensive cancer therapy affordable. There have been instances where margins at every level used to drive the costs of the cancer drugs up by as much as 70 percent.
The targeted regulatory price capping is expected to directly impact some of the most expensive targeted therapies. Some of the therapies that could be potentially affordable include specialized monoclonal antibodies and advanced kinase inhibitors utilized in precision oncology to treat lung cancer, breast cancer, leukemia, lymphoma, and colorectal cancers.
Advanced oral therapies such as Osimertinib and Palbociclib and high-cost biological treatments like Bevacizumab and Pertuzumab‘, which previously carried heavy retail margins stretching the monthly budget of families, will now enable them to afford.
More than 35 patented formulations have been brought under the pricing capping net alongside 75 other non-scheduled oncology drugs. By capping trade margins at 30 percent , cancer patients and families will save roughly Rs. 2,500 crore annually, with overall medicine prices dropping by up to 70 percent.
As part of the new price capping rolled out by National Pharmaceutical Pricing Authority (NPPA), the drug manufacturers are now required to adjust their pricing lists through the Integrated Pharmaceutical Database Management System (IPDMS) to comply with the mandated revisions.