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Govt. introduces MRP for medicines

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An Extraordinary Gazette Notification has been issued to implement a Maximum Retail Price (MRP) mechanism for medicines.

The gazette, issued by Health Minister – Dr. Nalinda Jayatissa, grants the National Medicines Regulatory Authority (NMRA) the authority to revise maximum prices twice a year.

Additionally, the authority can adjust prices at any time in response to fluctuations in the dollar exchange rate to protect public interest.

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