9 years ago
2
India caps price of 108 more medicines; drugmakers to take hit
India has capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV, a move likely to hit the profit margins of drug firms such as Sanofi SA, Abbott Laboratories and Ranbaxy Laboratories Ltd. The drug pricing regulator's decision, aimed at improving affordability, was slammed by the drugmakers in India, where prices of generic drugs sold are already low compared with international markets.
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http://in.reuters.com
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If only the US could follow suit
Bahahahha! right!