TGDCA Seizes Overpriced Medicines In Hyderabad
Hyderabad, May 23 (Maxim News): The TG Drug Control Administration (DCA) has seized two overpriced medicines Vasfin Ointment and Intracop-200 capsules in which the MRP indicated on the label was higher when compared to the ceiling price fixed by the pricing regulatory authority of the Central Government.
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Vasfin (0.5mg) ointment, manufactured by Dermiderm Biotech, Haryana and marketed by Vityl Pharmaceuticals, Hyderabad, was seized at Beeramguda, Ameenpur, Sangareddy. The ointment was being retailed with an MRP (on the label) of Rs. 140 for 5 gm tube while the ceiling price for 5 gm tube is Rs. 113.6 per 5 gm, indicating that the company was charging an excess of Rs. 26.40 from customers, a press release said. (Maxim News)
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