SC stays off drug price hike

SC stays off drug price hike

By: || Updated: 28 Oct 2014 02:03 AM
New Delhi: The Supreme Court refused to intervene in the Centre’s decision to de-control prices of 108 cardiac and diabetes drugs, saying the issue could be raised before the competent authority.




“You approach (the) Centre seeking modification in the order. If the Centre does not do anything, then you can come back,” a bench of Chief Justice H.L. Dattu and Justices M.B. Lokur and A.K. Sikri said while hearing a PIL.


The plea alleged that the increase in the prices of life-saving drugs was against public interest and would lead to windfall gains for the pharmaceutical firms.


Advocate M.L. Sharma, who filed the petition, claimed that allowing the firms to raise prices to secure windfall gains involved “serious corruption” and posed a life threat to the public.

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