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Health & Technology Law Firm Blog
 
 
Welcome to the firm's blog, which will contain postings regarding key developments in the law, articles on various issues and notices about upcoming firm events.

Can Pharmaceutical Companies Exit the India Market?


As reported today in the India Economic Times, pharmaceutical companies having more than a 1% market share of "essential" drugs may find it difficult to exit the India market based on new rules from the National Pharmaceutical Pricing Authority.  If a drug is on the National List of Essential Medicine, the pharma company will have to issue a public notice and alert the government at least 6 months in advance of discontinuing marketing of the drug in India.  In addition, the government has the right to require production for an additional 1 year.


Read more at http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/pharmaceutical-firms-find-it-hard-to-exit-essential-drugs-market/articleshow/37104922.cms

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