HC issues rule to curb medicine price hike

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A High Court division bench today ordered to

take necessary measures against the ongoing price hike of all types of

medicines in the country.

The Director General of the Directorate of Drug Administration has been asked

to implement this order.

At the same time, the High Court has also issued a rule seeking to know why

the inaction of the authorities to prevent the continuous increase in the

price of medicines will not be declared illegal.

The court has also ordered to stop the sale of unauthorized imported drugs.

A High Court Division Bench comprising Justice Mustafa Zaman Islam and

Justice M Atabullah passed the order today.

The Consumer Association of Bangladesh (CAB) filed a writ attaching a report

published in a daily newspaper entitled ‘Drug prices increased by 7 to 140

percent in two weeks’.

According to the report, in two months, various companies in the country have

rampantly increased the prices of their manufactured drugs.

Antibiotic tablets, insulin and injections for diabetic pat
ients have been

increased the most.

A report of the production cost increases and sales revenue accounts of

various companies showed that the inflation was abnormal.

As the excuse for this unusual price increase, the companies blame the

devaluation of Taka against USD, and the increase in the price of raw

materials in the international market.

Source: Bangladesh Sangbad Sangstha