EXEMPTION OF DRUGS FROM PRICE CONTROL
The Government have
issued Guideline for the purpose of grant of exemption under paragraph
25 of the Drugs (Price Control) Order, 1995 to a drug manufacturing
unit from the provisions of paragraphs 3,8 and 9 of the said Order,
in respect of such new bulk drugs which have not been produced
elsewhere if developed and produced by that unit through indigenous
research and development, for a period of ten years reckoned from
the date of commercial production of such bulk drug subject to
the condition specified in the guidelines.
In February, 2002,
the Government announced the ‘Pharmaceutical Policy – 2002’, which
includes in principle approval to the establishment of the Pharmaceutical
Research & Development Support Fund (PRDSF) under the administrative
control of Department of science and technology, which will also
constitute a drug Development Promotion Board (DDPB) on the lines
of the Technology Development Board (TDB) to administer the utilization
of the PRDSF. A provision of Rs. 150.00 crores has been made for
setting up of PRDSF under the overall budget of Department of
Science and Technology.
This information
was given by the Minister of State for Chemicals & Fertilizers,
Dr. Chhattra Pal Singh, in a written reply to a question in the
Lok Sabha today.
