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What would be the Trade Margin Under New Pharma Policy? - Progressive Life Care

The government plans a new pharmaceutical policy in an attempt to make drug affordable to everyone. According to the policy draft, the trade margins will be fixed for drugs by the government.<br>

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What would be the Trade Margin Under New Pharma Policy? - Progressive Life Care

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  1. What Would Be The Trade Margin Under New Pharma Policy?

  2. Trade Margin New Pharma Policy

  3. The government plans a new pharmaceutical policy in an attempt to make drug affordable to everyone. According to the policy draft, the trade margins will be fixed for drugs by the government. Currently, the NPPA or National Pharmaceutical Pricing Policy is fixing the trade margins for specialized medical devices, e.g., cardiac stents, orthopedic knee implants. What was the need for making a clear and detailed pharmaceutical policy? The market was governed by several unreasonable bonus offers and disproportionate trade margins by distributors, retailers, and wholesalers. It was adversely affecting the industry per se and the interests of consumers as well.

  4. THE NEW PHARMA POLICY IS THE MOST-TALKED TOPIC It is crucial to know about the nitty-gritty of the pharmaceutical policy. Experts say that one should be able to distinguish between authentic and fake things prevailing in the market. There are so many speculations are going around. Amongst the most rampant rumors, loan license manufacturing, fixation of trade margin and banning the contracts. What are the trade margin regulations in the backdrop of new pharma policy? Here are some salient aspects. Trade margin is a complex phenomenon. The debate is still going on to fix it. For different drugs, different trade margins were fixed.

  5. DPCO OR DRUGS UNDER PRICE CONTROL Wholesaler margin is fixed at 8 percent, and retailer margin is fixed at 16 percent. The margin is applicable for generic as well as branded drugs. FOR OTHER DRUGS NOT UNDER PRICE CONTROL In case of all branded items and branded generic items, the wholesaler margin is fixed at 10 percent, and the retailer margin is 20 percent. For generic items, the wholesaler margin is 15 percent, and the retailer margins are 35 percent. The calculation of all margins will be done based on the MRP of drugs or trade rate. The policy is still under review, and there may be some change in the coming times.

  6. Conclusion The proposed regulations will create a level playing field for sure. The Department of Pharmaceuticals expects consultation and comments on the draft. It is also an attempt to make the voluntary code of conduct a mandatory requirement so that the malpractices can be avoided. When illegitimate incentives and benefits are offered to the doctors, there is always a risk of recommending a specific brand by them. It is not in the long-term interest of the pharma business.

  7. If you are looking for PCD Pharma Companies in India then Progressive Life Care is a Top PCD Pharma Company in Ahmedabad located in Gujarat. Which offer a Pharmaceutical franchise with extra ordinary marketing support. Also Read: Which is the best pharma company for PCD franchise? How to Start a pharmaceutical sales company? How to get wholesale pharmaceutical drug license?

  8. CONTACT US • Mob No:- 9825965521 9824443968 • E-Mail:- progressivelifecare@gmail.com • Timing:- Monday to Saturday 11.00 AM - 6.00 PM • Address:- AMBIT HOUSE, Opp.Kumar Spintex factory, Tajpur Road, Changoder,  Ahmedabad 382213 Website:-www.progressivelifecare.com

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