1. SC questions centre over medicine markups citing ₹15 to ₹250 price gap

SC questions centre over medicine markups citing ₹15 to ₹250 price gap

India

  • Supreme Court questioned Centre over massive gaps between medicine retail prices and wholesale purchase costs.
  • The bench criticised current price regulation, describing National Pharmaceutical Pricing Authority as appearing totally defunct.
  • The court highlighted extreme overpricing, citing drip lines bought for ₹15 but sold to patients for ₹250.
  • The court challenged excessive hospital markups on essential medicines while reserving its order on pricing regulation.

Source: moneycontrol.com

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