India govt approves new drug pricing policy

Last Updated: Thu, Nov 22, 2012 14:10 hrs

NEW DELHI, Nov 22 (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.

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