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New pricing formula for medicinal drugs

The government will consider a five percent hike in the price of pharmaceuticals, Minister of Health Nutrition and Indigenous Medicine, Dr. Rajitha Senarathne told the industry representatives at a recent meeting.

The Minister has said that the Ministry together with the National Medicines Regulatory Authority (NMRA) will introduce a price formula to absorb the difference in foreign exchange. He made this statement at the 55th Annual General Meeting (AGM) of the Sri Lanka Chamber of Pharmaceutical Industry last Friday.

Elaborating on this, the Minister said that the NMRA will work on the relevant price formula.

 

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