Pakistan News

    Afeem Drug Price In Pakistan Platina

  • Pharma boss who hiked price of life-saving drug arrested

    NEW YORK: Martin Shkreli, the former hedge fund manager vilified in nearly every corner of America for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fifty-fold, was arrested on Thursday on securities fraud charges unrelated to the furore...

    Shkreli has found himself at the centre of a firestorm over drug pricing in the last few months, and he hasn't been afraid to throw on more fuel...

  • Drug sold at rate higher than official price seized

    ISLAMABAD: The inspection team of the Drug Regulatory Authority of Pakistan (DRAP) raided medical stores on Friday and confiscated the stock of a drug which was being sold at 50 per cent higher than the official rate...

    During the inspection the team found a locally manufactured drug (10 tablets) being sold at Rs230 whereas its official price was Rs150...

  • Company says will cut price of drug after accused gouging

    SAN FRANCISCO: The company that sparked an angry backlash after it raised the price of a drug for treating a deadly parasitic infection by more than 5,000 percent says it will roll back some of the increase...

    Turing Pharmaceuticals CEO Martin Shkreli told ABC News on Tuesday that the new price would make Daraprim more accessible, although he did not say what the new price for the drug would be...

  • Authorities fail to check steep drug price hike

    The situation has been heading from bad to worse since the Drug Regulatory Authority of Pakistan (Drap) started showing lenience over the matter...

    The same medicine was sent to the market in June (batch 07117), carrying a Rs555 price tag (approximately 95pc increase)...

  • Price of hepatitis drug reduced, NA told

    The government had fixed the price of Rs5,868 for 28 tablets after modifying provisions of the Drugs Pricing Policy, 2015, after the approval of the prime minister and notified it on Feb 9 for generic version of the new drug, she said...

    Replying to a question during the question-hour, she said nine local companies had been allowed to manufacture the tablets at affordable price, of which five had started marketing the medicine, while...

  • Local firm to produce Hep C drug at five times lower price

    KARACHI: Ferozsons Laboratories Limited has obtained the manufacturing licence, along with the requisite production process technology from Gilead Sciences Inc, to manufacture an authorised generic version of ‘Sovaldi’ in Pakistan...

    The medicine used in the treatment of Hepatitis C Virus (HCV) will be produced under the brand name of Savera (Sofosbuvir 400mg) tablets, which will be available at a retail market price of Rs5,868 per 28...

  • Drug prices in Pakistan among world’s lowest, claim manufacturers

    LAHORE: Joint efforts of the pharmaceutical industry and the Drug Regulatory Authority of Pakistan (DRAP) to ensure availability of affordable, quality drugs in the country had improved access of patients to several critical drugs, including thyroxine and anti-TB drugs, the Pharma Bureau and the Pakistan Pharmaceutical Manufa-cturers Association (PPMA) said on Wednesday...

    In a statement, the two organisations refuted recent media...

  • Pakistan, India included among 22 drug producing countries

    WASHINGTON: US President Barack Obama has included Pakistan and India on a list of 22 drug producing or major drug-transit countries that “significantly affect the United States”...

    “The reason major drug transit or illicit drug producing countries are placed on the list is the combination of geographic, commercial, and economic factors that allow drugs to transit or be produced,” the order explains...

  • Around 7 million drug addicts in Pakistan, Senate told

    ISLAMABAD: The Senate Standing Committee on Interior and Narcotics Control was told Monday that around seven million people in Pakistan are drug addicts, while 700 people die every day in the country due to drug-related complications...

    Briefing the committee, ANF DG Maj Gen Khawar Hanif said of an estimated seven million drug addicts in Pakistan, a staggering three million were those who used medicines without prescription...

  • Pakistan’s drug regulatory authority not recognised by WHO

    ISLAMABAD: The Drug Regulatory Authority of Pakistan (Drap), responsible for monitoring the quality of medicines in the country, is not recognised by the World Health Organisation (WHO) and resultantly Pakistani companies are unable to export to developed countries...

    A major hurdle in the recognition of the Drap is that the Federal Drug Surveillance Laboratory (FDSL), a credible drug testing laboratory which is mandatory for...

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