The Medication Management Administration in Telangana seized big portions of an ‘overpriced’ drug in Nizamabad district, officers mentioned on Tuesday. The overpriced antibiotic was seized throughout a raid performed by a staff of DCA in Armoor metropolis.
The antibiotic in query, Donem Injection (Meropenem injection IP 1 g), was seized for being bought at a value of Rs 1,899 for a 1g vial by a drug manufacturing agency Physician’s Life Sciences (India) Ltd.
Nevertheless, the federal government has fastened a ceiling value of Rs 952 for 1g vial of the mentioned injection. “Most Retail Value, together with a GST of 12 per cent, mustn’t exceed Rs 1,067 for a 1 g vial of Donem Injection,” DCA mentioned in an official assertion.
The drug falls underneath the purview of value management rules outlined within the Medication (Costs Management) Order, 2013. “The pricing of the product is anticipated to stick to the ‘Ceiling Value’ decided by the Nationwide Pharmaceutical Pricing Authority (NPPA), a physique underneath the Authorities of India,” the assertion added.
“The agency, on this case, was discovered to overprice the product, charging an extra of Rs 832 for one vial. This motion is a transparent violation of the Medication (Costs Management) Order, 2013,” the assertion added.