Govt caps profit margin at 30% for cancer meds


Compiled by  RAHIMY RAHIM, C. ARUNO and R. ARAVINTHAN

CANCER patients in India could see significant savings on treatment after the government slashed prices of 1,364 medicines, including chemotherapy and leukaemia drugs, Malaysia Nanban reported.

The price reductions followed a decision by the National Pharma­ceutical Pricing Authority (NPPA), an independent regulator under the Ministry of Chemicals and Fertilisers, to cap profit margins on 137 medicine categories at 30%.

Following the move, 85 pharmaceutical companies reduced the prices of thousands of medicines.

Of these, 679 life-saving medicines saw price cuts of more than 50%, with the biggest reduction reaching 96.45%, the daily reported.

> Young Indian footballers in Semenyih have a platform to develop their talent and hone their skills and pursue careers in professional football through the Semenyih United Football Academy, Makkal Osai reported.

The academy aims to identify and nurture more promising young players, said head coach Jeevanesh Chandra Mohan.

(The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.)

 

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