Saturday, January 11, 2014

Reduced prices of medicines

RM Lodha and Justice Kurian Joseph Bench, while dismissing the petition of pharmaceutical companies and distributors that must be implemented within 15 days of notification . Not the current stock is sold at high prices . The petitioners demanded that the notification be applied to existing stocks to be allowed to sell at high prices .
The government told the Supreme Court that the drug price control order ( DPCO ) after notification of revised and lower prices of pharmaceuticals also apply to unsold stock . The apex court has agreed to the Centre's plea . The bench said , " It is clear from paragraph 14 of DPCO be notified immediately once the prices will apply . Unsold stocks of drug makers have been given 15 days to make proper arrangements . If the plea is accepted if manufacturers or distributors syrup used the same formula - would be to risk being sold at different prices . " Moreover , according to the Court , it may be that the manufacturer over a period of 15 days after notification by the tremendous production of drugs should sell at high prices . At this point , the Supreme Court upheld the Karnataka High Court order , the Delhi High Court's decision was flawed .

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