DRAP fixes prices of 1,084 medicines

Prices fixed by the authority will be printed on the packaging

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) fixed prices of packaging of 1,084 medicines and issued formal SROs with the approval of the government, it said in a statement on Wednesday.

Three SROs of the DRAP provide details of 898, 67 and 128 kinds of medicines that included brand names, compositions, names of manufacturing companies, sizes of packing and maximum retail prices of syrups, tablets, capsules and various injections.

The SROs directed companies that the prices fixed by DRAP should be printed on the packing.

The statement said that the new prices would not be applicable on the medicines which were registered earlier than the issuance of the notification while it would be mandatory for the manufacturers and importers of the medicines to present the RMP to the costing and pricing division of DRAP.