Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lankan government to introduce new pricing formula for pharmaceuticals from next year
Mon, Dec 16, 2013, 09:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 16, Colombo: In a measure to prevent irregularities in drug prices, the government of Sri Lanka will introduce a new price control formula for pharmaceuticals from January 2014.

The new mechanism will be put in place jointly by the Health Ministry and the Internal Trade Ministry.

The Health Ministry said that the move would create uniformity in prices of pharmaceuticals imported to the country and prevent importers from over pricing their products.

Health Ministry Spokesperson W.A.D. Wanninayake said that there's a problem at present due to the uneven pricing of pharmaceuticals by importers and pharmacies.

A committee comprising the Health Ministry Secretary Dr. Nihal Jayathilaka and Internal Trade Ministry Secretary G.K.D. Amarawardena are currently working on the pricing formula.

The committee is to submit the report to the relevant ministers in the next two weeks.

Health Minister Maithreepala Sirisena said earlier pharmaceutical price controls will be implemented from next month despite the objection of certain sectors.

According to the Minister, it has been discovered that the same drug is sold at different prices at different places due to the absence of a price control mechanism.

The pharmaceutical industry of the country has however warned that the measure to control the prices of drugs may scare off foreign investors from investing in the drug manufacturing zone.

ColomboPage - Recent 10 Stories
UN expresses concern over sexual violence in Sri Lanka
-- [2 minutes ago]
Sri Lanka opposition protests against government's casino legislation
Sri Lankan parliamentary approval for one of the three controversial casino legislations
Employees of Sri Lanka's zoological garden urge authorities to re-commence elephant dances
Discovery of contaminated plastic bottles during raid raises alarm on water sold in Sri Lankan market
Consumer movement urges Sri Lankan government to remove the fuel surcharge from the electricity bill
Sri Lanka Attorney General's Department sets up provincial units
Sri Lanka briefs diplomatic community on measures taken to subdue renewed threat of terrorism
Sri Lankan President vows to take strict action against lawbreakers, not to permit religious discord
Parliamentary delegation of Balochistan visits Sri Lanka

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.