India Cuts Prices Of 72 Formulations
India's National Pharmaceutical Pricing Authority, as previouslyforecast, has ordered a reduction in the prices of 72 formulations, many of them widely-used medicines, following a downward revision in the prices of 25 bulk drugs which the formulations use (Marketletter October 13). The bulk drug prices were lowered after the 1997-98 (April-March) budget announced a reduction in customs duties and corporation tax last February, a federal government statement noted.
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