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Rapid growth in pharmaceutical spending is a worldwide phenomenon. According to a study, spending on pharmaceuticals
in OECD (organization for economic cooperation & development) countries has an increase by an average of 32%in 1998
& in 2003 it was more than U.S$450billon. The regulation of pharmaceuticals aims to control manufacturing standards, quality,
efficacy & safety of drugs, labeling & information requirements, distribution procedures and consumer prices. Here comes the
role of drug price control, as India is known for it?s reverse engineering, we are now current net exporter of quality & cheap
generic drugs across the global market & India is a global competitor in advanced life sciences. Price control mechanisms for
pharmaceutical products are a common form of intervention in many countries to control the costs of healthcare. The principal
methods employed in many countries include pharmacoeconomics, various forms of reference pricing, comparator pricing,
restrictions on dispensing and prescribing, and reimbursement restrictions. Canada uses the two-tiered pricing system based
on negotiated prices while France follows new price notification procedure - to be set up with reference to prices based on a
European average. The present work deals with impact of regulations pertaining to economy of pharmaceuticals.
Prathyusha. A is pursuing her Masters from department of Pharmaceutical Sciences,Talla Padmavathi College of Pharmacy, Warangal, India. She
is enriched with 01 year of research experience. She is a chapter member for professional societies governing pharmacy profession like IPA, IPGA.
To her credentials 02 publication of research in peer reviewed indexed and impact factor journals of international.
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