Abstract
DRUG PRICE CONTROL ORDERS (DPCO)

Abdul Hamid*, Shubam Sehgal, Tanvay Jaithliya, Jayesh Gadhiya, Zakarya Noorani and Gaurav Kumar Sharma

ABSTRACT

Price controls are applicable to what is generally known as “Scheduled drugs” or “Scheduled formulations”. Since 2013, scheduled formulations consist of the “Essential Medicines” declared so by the Government through its National List of Essential Medicines (NLEM). It does not mean that all drugs brought under price control are essential medicines. As per Para 19 of the DPCO-2013, the Government may, in case of extra-ordinary circumstances and in public interest, fix the ceiling price or retail price of any drug, whether scheduled or non-scheduled or a new drug for such period, as it may deem fit. Exchanging prices among competitors can also violate the antitrust laws.

Keywords: Price controls are applicable can also violate the antitrust laws.


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