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Healthy Skepticism Library item: 14814

Warning: This library includes all items relevant to health product marketing that we are aware of regardless of quality. Often we do not agree with all or part of the contents.

 

Publication type: news

Ahmed R.
India Drug Price Regulator Asks Pharma Cos To Cut Prices
Dow Jones Newswires 2008 Dec 15
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081215%5CACQDJON200812150903DOWJONESDJONLINE000366.htm


Full text:

India’s National Pharmaceutical Pricing Authority has asked all pharmaceutical companies in the country to cut drug prices by 2.84%, to pass on to consumers the benefit of a recent excise duty cut, the Indian government said Monday.

“All manufacturers and marketing companies of formulations packs are advised to ensure that the benefit of this excise duty reduction and the reduced rate of abatement is passed on to the consumers through reduced maximum retail price,” a statement from the government said.

The federal government on Dec. 7 cut excise duty by 4 percentage points on all manufactured products, leading to a reduction in the rate of excise duty on medicines to 4% from 8%.

 

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Far too large a section of the treatment of disease is to-day controlled by the big manufacturing pharmacists, who have enslaved us in a plausible pseudo-science...
The blind faith which some men have in medicines illustrates too often the greatest of all human capacities - the capacity for self deception...
Some one will say, Is this all your science has to tell us? Is this the outcome of decades of good clinical work, of patient study of the disease, of anxious trial in such good faith of so many drugs? Give us back the childlike trust of the fathers in antimony and in the lancet rather than this cold nihilism. Not at all! Let us accept the truth, however unpleasant it may be, and with the death rate staring us in the face, let us not be deceived with vain fancies...
we need a stern, iconoclastic spirit which leads, not to nihilism, but to an active skepticism - not the passive skepticism, born of despair, but the active skepticism born of a knowledge that recognizes its limitations and knows full well that only in this attitude of mind can true progress be made.
- William Osler 1909