Health and Indigenous Minister Dr Rajitha Senaratne said that the National Drug Regulation Authority had agreed to issue the Gazette notification announcing the reduced prices of pharmaceuticals by August 31, 2016.
The Minister expects to reduce the medicine prices up to 85 percent and several expensive medicines up to 10 percent, after the relevant gazette notification is issued.
At a meeting held with the officials of the Health Ministry the Minister said the relevant gazette notification will be issued by August 31, 2016.
Once the Gazette on reduced prices of medicine is issued, pharmaceutical companies will not be allowed to revise the CIF prices and arbitrary increase the prices of medicines and other additional expenses.
Minister added that if the pharmaceutical companies intend to revise the CIF price, they should reveal the reasons for that.
“Public will see the benefit of reducing medicine prices by September,” the Minister further stated.