The record
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- IAS officer Tukaram Mundhe has called for transparency in pharmaceutical industry trade margins.
- The call follows a survey that flagged a 2800% markup in medicine prices.
- Mundhe said a trade margin of 2800 per cent is not acceptable, either as a consumer or otherwise.
- The officer acknowledged that the pharma industry, like any other, will not work to incur losses.
- The remarks put a spotlight on how large trade margins affect the price patients pay for medicines.
What to watch next
- Whether regulators or the government respond to the demand for transparency in pharma trade margins.
- Whether any action follows the survey findings on the 2800% markup.
Who said what1
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Tukaram Mundhe
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“A trade margin of 2800 per cent is not acceptable, either as a consumer or as a...”
In the article
…While pharma or any other industry will not work to incur losses, Tukaram Mundhe said there needs to be transparency. " A trade margin of 2800 per cent is not acceptable, either as a consumer or as a...
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Named India · Tukaram Mundhe
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