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Government is working to bring a new method to decide prices of ‘new drugs’ to avoid delays in launching them
Government said it is not considering any changes in the methodology for calculating ceiling prices of scheduled medicines.
However, it is working to bring a new method to decide prices of ‘new drugs’ to avoid delays in launching them in the market.
The Department of Pharmaceuticals is also considering medicines that have become non-scheduled drugs to be sold without any
freeze on prices for a further year.           
 
Schedule drugs are substances that are controlled, in other words, have stricter guidelines for dispensing due to the potential for
abuse.
 Schedule I are illegal substances such as heroine.
 Schedule II are the ones that have a high potential for abuse but have shown a significant medical benefit for use such as
methadone or oxycontin.
 Schedule III, IV, and V have potential for abuse but are generally dispensed under similar guidelines.
 Essentially, the lower the drug Schedule the harsher the penalty if used or possessed improperly.

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