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Last year the government revised the National List of Essential Medicines, adding 34 medicines and deleting 26, totalling up to 384 medicines available in 870 formulations. The NPPA then set about fixing the ceiling prices based on the new list, which were to kick in April onwards.
A market study of the Competition Commission of India (CCI) on the pharmaceutical industry revealed that from August 2019 to July 2020, as many as 2,871 formulations were being sold under 47,478 brands. On an average, there were as many as 17 brands for one formulation. Competition usually brings do