The National Pharmaceutical Pricing Authority (NPPA) has reduced the prices of anti-malarial bulk drug Chloroquine Phosphate from Rs. 870 kg to Rs. 790 kg. According to NPPA, the price revision was done under the provision of DPCO, 1995 after conducting detailed cost study in respect of the drug. Ipca Labs Limited is the only manufacturer of the drug in the country.
The revised prices are effective within 15 days from the date of notification of the official Gazette. Consequently, all the manufacturers of the formulations utilizing the drug are advised to follow the provision of DPCO 1995 with regard to pricing of the derivative formulations, according to an official release.