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The Economic Times
The Economic Times
Business

India raises price cap on cancer drugs to tackle shortage

India's drug price regulator raised ceiling rates for two key platinum-based cancer drugs by 50% after a surge in raw material costs triggered widespread shortages, according to a government notification seen by Reuters.

The National Pharmaceutical Pricing Authority invoked special provisions to raise rates for the drugs after receiving federal government approval citing ‌public interest, ⁠according to ⁠the notification dated June 11.

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