According to the ever-excellent Spicy IP blog, the prices of many generic medicines in India will fall within 45 days. The new maximum prices will be set by taking an average of the price of all the brands of that compound on the market. Innovative Indian-developed delivery technology will win a five-year exemption. The prices of patented drugs will be controlled by a forthcoming order, as Spicy IP explains. This will be unpopular with the pharma companies but should play well in the run up to the general elections, which must be held within the next year.
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