India likely to extend price caps to more drugs

MUMBAI: The government of India is likely to raise the number of drugs deemed essential and subject to price caps, people directly involved in the process said.

A panel formed by India’s health ministry met for the first time yesterday to consider adding more drugs to the list of essential medicines, all of which would then come under price caps, one of the people said. The move would make the drugs more affordable in a country where 70% of the people live on less than US$2 a day.