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Pharma Inc agrees to cap margins on non-price control drugs at 30%

Wednesday, November 27, 2019, 8:48 PM

The domestic drug-industry and trade have agreed to the government's proposal to cap trade margins for all medicines outside price-control at 30%, a move that will reduce the prices of nearly 80% of formulations. A consensus to this effect was reached at a meeting held on Friday between the drug pricing regulator, pharma lobby groups and industry associations, said people present at the meeting.
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At Rs 58.8 cr, Murali of Divi's Lab highest paid Indian pharma executive

Sunday, August 11, 2019, 7:10 PM

Chairman and Managing Director of city-based pharma company C Murali K Divi is the highest paid executive of the Indian pharma industry with Rs 58.8 crore remuneration which includes salary and commission in 2018-19. According to Divis latest annual report, Murali Divi, the promoter-executive,was given a hike of 46.3 per cent in his remuneration over the previous fiscal.