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India government approves new drug pricing policy
November 22, 2012 / 2:20 PM / 5 years ago

India government approves new drug pricing policy

NEW DELHI (Reuters) - The Indian government approved on Thursday a new drug pricing policy, two ministers told reporters, a move that will regulate the prices of 348 drugs deemed essential.

India’s domestic drug market, the fourth largest in the world by volume, is valued at nearly $13 billion.

Reporting by Nigam Prusty; editing by Rajesh Kumar Singh

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