Overpriced Antibiotics Seized In Armoor, Nizamabad By DCA

Hyderabad: The TS Drugs Control Administration seized overpriced antibiotics from a pharma firm in Armoor in Nizamabad district. TS DCA Director-General V.B. Kamalasan Reddy said that the product the meropenem injection IP 1 g, brand name Donem, was priced at Rs 1,899 per vial, against the Rs 952.68 set by the Centre’s National Pharmaceutical Pricing Authority (NPPA).

However, the government has fixed a ceiling price of Rs 952 for 1g vial of the said injection. “Maximum Retail Price, including a GST of 12 per cent, should not exceed Rs 1,067 for a 1 g vial of Donem Injection,” DCA said in an official statement.

As per the rules, the maximum retain price including GST of 12 per cent should not be more than Rs 1,067. The higher price was mentioned on the label of the drug manufactured by Doctor’s Life Sciences (India) Ltd in PR Palem Village, Kovur mandal, SPSR Nellore district of Andhra Pradesh.

The drug falls under the purview of price control regulations outlined in the Drugs (Prices Control) Order, 2013. “The pricing of the product is expected to adhere to the ‘Ceiling Price’ determined by the National Pharmaceutical Pricing Authority (NPPA), a body under the Government of India,” the statement added.

“The firm, in this case, was found to overprice the product, charging an excess of Rs 832 for one vial. This action is a clear violation of the Drugs (Prices Control) Order, 2013,” the statement added.

Related Posts

  • Pharma
  • January 24, 2025
  • 20 views
IT Officials Raid Akums Offices, Top Execs’ Residences

Mumbai:  Pharmaceutical company Akums Drugs and Pharmaceuticals Ltd on Thursday (January 23) announced that the Income Tax (I-T) Department conducted a search and survey operation at its offices, manufacturing units,…

  • Pharma
  • January 24, 2025
  • 16 views
AI Can Develop Personalised MRNA Cancer Vaccine In 48 Hours: Oracle’s Larry Ellison

New Delhi:  Artificial Intelligence (AI) can help develop a customised vaccine against cancer for an individual in just 48 hours, said Oracle chairman Larry Ellison. At the launch of the…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

IT Officials Raid Akums Offices, Top Execs’ Residences

IT Officials Raid Akums Offices, Top Execs’ Residences

AI Can Develop Personalised MRNA Cancer Vaccine In 48 Hours: Oracle’s Larry Ellison

AI Can Develop Personalised MRNA Cancer Vaccine In 48 Hours: Oracle’s Larry Ellison

Nearly 10 Million Malaria Vaccine Doses Delivered To Africa After Immunization Roll Out: Gavi Vaccine Alliance

Nearly 10 Million Malaria Vaccine Doses Delivered To Africa After Immunization Roll Out: Gavi Vaccine Alliance

5 Thousand Banned Capsules Recovered From A Youth In Arniwala

5 Thousand Banned Capsules Recovered From A Youth In Arniwala

Piramal Pharma surges 4% after launching drug for psychiatric disorders

Piramal Pharma surges 4% after launching drug for psychiatric disorders

India’s pharma sector champions quality, innovation

India’s pharma sector champions quality, innovation