Drug Price Control Order (DPCO) Act
The drug price control order (DPCO) is an order issued by the government under the “Essential Commodities Act” which enables it to fix the prices of some essential bulk drugs and their formulations. Basically, it is promoting the rational use of drugs in the country and helps in enhancing cost-effective production with economic sizes. The main objective of this act is to ensure the availability of essential and life-saving and prophylactic medicine of good quality at reasonable prices. Drug Price Control Order Act is used to make sure that the essential drug’s price should be in control. It helps in strengthening the indigenous capability for the production of drugs.
The Drugs Prices Control Order act was issued by the Indian Government under Sec. 3 of the Essential Commodities Act, 1955 to regulate the prices of drugs. Drugs are essential for the health of the society so that it has been declared as Essential and accordingly put under the Essential Commodities Act. It provides the list of :
The DPCO act is established As per the Modifications in Drug Policy in 1986 announced in September 1994, the main objectives of the Drug Policy are is to strengthing the system quality control along with the reasonable prices of medicines. Other than this listed are the top-notch main objectives of the Drug Policy are as under:
The DPCO act is made to make the availability of affordable drugs in the market for different kinds of customers. The selling of relevant drugs in the market at affordable prices is important to grab the Indian pharmaceutical Industries. As if we take the case of India people buy the medicines which are prescribed by the doctor and often go with the drugs that are available in the same salt at cheaper prices. So, the prescription matters but if the same salt is available then it is easy for all the customers to buy the medicines under the proper regulation act. So, to control this government came with the Drug price control act which states that medicines are available at cheap rates.
The following information is most important and essential that must be printer on the medicine pack on its label of medicine under the Drugs and Cosmetics Act and DPCO, 2013. All companies have a compulsion to follow the listed points while formulating the medicines followed by DPCO Act.
We at Biocorp Lifesciences manufacturers all the medicines and drugs under the DPCO Act.
Name: Biocorp Lifesciences
Address: SCO-25 & 99, Swastik Vihar, Sector 5, Panchkula, Haryana 134109
Phone: +91 8727990700, +91 8727991700.