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Consider the following regarding National Pharmaceutical Pricing Authority:

1) NPPA is a statutory agency.

2) It Issues compulsory license to domestic generic drug-maker when required.

Which of the given above statement (s) is/ are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

Explanation:

Second statement is incorrect i.e. National Pharmaceutical Pricing Authority issues compulsory license to domestic generic drug-maker when required.

The National Pharmaceutical Pricing Authority (NPPA) is a government regulatory agency that controls the prices of pharmaceutical drugs in India. It was formed on 29 August 1997.

The NPPA regularly publishes lists of medicines and their maximum ceiling prices.

By: Abhipedia

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