The Drugs (Price Control) Order (OPCO), 1995

| Home | | Forensic Pharmacy |

Chapter: Forensic Pharmacy : The Drugs (Price Control) Order (OPCO), 1995

The drug is categorized as essential commodity under Section 3 of the Essential Commodities Act, 1955 and certain categories of the drugs are kept under price control.


The Drugs (Price Control) Order (OPCO), 1995

 (Under Sections 3 of the Essential Commodities Act, 1955), as published in the Gazette ofIndia C, Extraordinary Part II Section 3, Sub. Section (ii) dated 6.1.199-1 with amendments.)

The drug is categorized as essential commodity under Section 3 of the Essential Commodities Act, 1955 and certain categories of the drugs are kept under price control.

Based on New Drug Policy and Pharmaceutical Policy 2002 framed to meet the challenges of Post-GATT era, the DPCO was modified in order to facilitate the process of globalization of pharmaceutical trade and ensure production of quality medicines. The new patent regime in post-WTO era has thrown new challenge in the field of drugs and pharmaceuticals.

It is to make Indian pharmaceutical companies globally competitive, amendments were made to DPCO, from time to time, and several concessions were offered for promotion of indigenous R&D efforts. DPCO is a Government Order notified by Ministry of Chemicals and Fertilizers, Department of Chemicals, dated 6.1.1995 for regulating the price structure of certain categories of drugs and their formulations including life-saving drugs.

Contact Us, Privacy Policy, Terms and Compliant, DMCA Policy and Compliant

TH 2019 - 2022 pharmacy180.com; Developed by Therithal info.