Rupee devaluation: Govt. agrees to revise drug prices

The State Ministry for the Production, Supply and Regulation of Pharmaceuticals on Wednesday (09) had agreed to revise price controls on imported medicines in keeping with the devaluation of the rupee against the dollar, State Minister Prof. Channa Jayasumana told the media yesterday.

The State Minister told the media a gazette notifications would be issued announcing revised prices.

Prof. Jayasumana said that they were planning to introduce a pricing formula for medicine. It would help change the imported medicine prices according to the fluctuation of the rupee.

The price revisions were to be announced yesterday evening or today (11) for pharmaceuticals that are under price control.

(RK)