Indian Pharmaceutical Industry: Policies & Orders
When we talk about pharmaceutical policy, it implies a branch of health policy that covers various aspects of the pharmaceutical industry like as the development of new medicines, provision and use of medications within a health care system, considering both brand name and generic drugs. Phramaceutical policies also cover products derived from living sources referred as , biologics which are different from chemical compositions, vaccines and natural health products. Let us discuss the main pharmaceutical policies of India under the following heads:
- Drugs Price Control
Order (DPCO): Drugs and formulations have been subjected to
price control from a very long time, almost 3 decades now. The economic
reforms presented by the Government of India in July 1991, targeted the
Pharmaceutical Industry only in 1994 and that too partially. Price
control in a large number of industries has already been abolished.
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- Intellectual Property
Rights (IPR): The Agreement on Trade-Related Aspects of
Intellectual Property Rights (TRIPS) provides for minimum norms and
standards in certain categories of intellectual property rights which
are discussed in this section.
- Pharmaceutical Policy
2002: The basic objectives of Government's Policy relating to
the drugs and pharmaceutical sector were enumerated in the Drug Policy
of 1986. Check in details the pharmaceutical