Wednesday, August 17th, 2022 18:01:28

NPPA yet to recover Rs 3,680 cr

Updated: April 4, 2015 5:35 pm

Drug price regulator NPPA is still to recover Rs 3,680.43 crore from various pharmaceutical companies for overcharging, while almost 95 per cent of the amount is under litigation. According to a National Pharmaceutical Pricing Authority’s (NPPA) document on its objectives and progress, since its inception in August 1997, the price monitoring authority had issued 1,138 notices to various companies for alleged overcharging till February 28 this year amounting to Rs 4,052.03 crore. Out of the total, only Rs 371.60 crore has been recovered. NPPA said out of the outstanding Rs 3,680.43 crore, a sum of Rs 3,485.01 crore is under litigation, including cases referred to the collector and contested by the companies in court of law.

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