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Health ministry starts revival projects of public sector drug companies , appoints new MD for BCPL

As per the five-year pharmaceutical purchase policy adopted by the union government last year, the department of pharmaceuticals has decided to procure medicines for public use from drug manufacturing companies owned and controlled by centre and state governments. To implement the policy, government has started revival projects in the ailing PSUs in the country.

As per the policy, the government is aiming at optimum utilization of all the government owned companies and ensuring availability of medicines at lower prices.

According to the plan, the government policy is applicable to 103 drugs which will be sold to public sector undertakings and autonomous bodies on a discounted rate for a period of five years. National Pharmaceutical Pricing Authority (NPPA) will take decision on the prices of the drugs and a uniform discount will be extended to all medicines

Government now wants to revive the drug manufacturing companies such as

Indian Drugs and Pharmaceuticals Ltd (IDPL),

Hindustan Antibiotics Ltd (HAL),

Bengal Chemicals and Pharmaceuticals Ltd (BCPL),

Karnataka Antibiotics and Pharmaceuticals Ltd (KAPL) and

Rajasthan Drugs and Pharmaceuticals Ltd (RDPL).

The IDPL has units in Rishikesh, Gurgaon, Hyderabad, Chennai and Muzaffarpur.

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2/1/2014 9:18:16 AM