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Consider the following statements regarding National Pharmaceutical Pricing Authority (NPPA):
- It regulates the prices of pharmaceutical drugs and medical devices in the country.
- It works as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding National Pharmaceutical Pr...
And Fertilizers.
It was established in 1997 under the provisions of the Drugs (Prices Control) Order, 1995.
The NPPA has the authority to fix and revise the prices of drugs and medical devices.
The NPPA also monitors the availability of drugs and takes necessary steps to ensure their availability at reasonable prices.
The NPPA can also conduct investigations and take actions against companies for overcharging on drugs and medical devices.
These statements are all correct. The National Pharmaceutical Pricing Authority (NPPA) is an independent body that regulates the prices of pharmaceutical drugs and medical devices in India. It operates as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers.
The NPPA was established in 1997 under the provisions of the Drugs (Prices Control) Order, 1995. It has the authority to fix and revise the prices of drugs and medical devices based on a cost-based pricing formula. This is done to ensure that these essential healthcare products are affordable and accessible to the general public.
In addition to price regulation, the NPPA also monitors the availability of drugs in the market and takes necessary steps to ensure their availability at reasonable prices. It can also conduct investigations and take actions against companies for overcharging on drugs and medical devices.
Overall, the National Pharmaceutical Pricing Authority plays a crucial role in ensuring fair pricing and availability of pharmaceutical drugs and medical devices in India.
It was established in 1997 under the provisions of the Drugs (Prices Control) Order, 1995.
The NPPA has the authority to fix and revise the prices of drugs and medical devices.
The NPPA also monitors the availability of drugs and takes necessary steps to ensure their availability at reasonable prices.
The NPPA can also conduct investigations and take actions against companies for overcharging on drugs and medical devices.
These statements are all correct. The National Pharmaceutical Pricing Authority (NPPA) is an independent body that regulates the prices of pharmaceutical drugs and medical devices in India. It operates as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers.
The NPPA was established in 1997 under the provisions of the Drugs (Prices Control) Order, 1995. It has the authority to fix and revise the prices of drugs and medical devices based on a cost-based pricing formula. This is done to ensure that these essential healthcare products are affordable and accessible to the general public.
In addition to price regulation, the NPPA also monitors the availability of drugs in the market and takes necessary steps to ensure their availability at reasonable prices. It can also conduct investigations and take actions against companies for overcharging on drugs and medical devices.
Overall, the National Pharmaceutical Pricing Authority plays a crucial role in ensuring fair pricing and availability of pharmaceutical drugs and medical devices in India.
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Community Answer
Consider the following statements regarding National Pharmaceutical Pr...
Drug price regulator National Pharmaceutical Pricing Authority (NPPA) recently fixed the retail prices of 44 new drug formulations.
About National Pharmaceutical Pricing Authority (NPPA):
- It is a government regulatory agency established with the aim of controlling and regulating the prices of pharmaceutical drugs and medical devices in the country to ensure their availability at affordable rates.
- It was constituted vide Government of India Resolution dated 29th August 1997 as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
- Functions
- To implement and enforce the provisions of the Drugs (Prices Control) Order in accordance with the powers delegated to it.
- To deal with all legal matters arising out of the decisions of the Authority.
- To monitor the availability of drugs, identify shortages, if any, and to take remedial steps.
- To collect/ maintain data on production, exports and imports, market share of individual companies, profitability of companies etc, for bulk drugs and formulations.
- To undertake and/ or sponsor relevant studies in respect of pricing of drugs/ pharmaceuticals.
- To recruit/ appoint the officers and other staff members of the Authority, as per rules and procedures laid down by the Government.
- To render advice to the Central Government on changes/ revisions in the drug policy.
- To render assistance to the Central Government in the parliamentary matters relating to drug pricing.
What are Bulk Drugs?
- A bulk drug, also called an active pharmaceutical ingredient (API), is the key ingredient of a drug or medicine, which lends it the desired therapeutic effect or produces the intended pharmacological activity.
- For example, paracetamol is a bulk drug, which acts against pain.
Hence both statements are correct.
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Consider the following statements regarding National Pharmaceutical Pricing Authority (NPPA): It regulates the prices of pharmaceutical drugs and medical devices in the country. It works as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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