Pharma Price Data Bank launched in Bengaluru

The Union minister of chemicals and fertilizers Ananth Kumar launched Pharma Price Data Bank in Bengaluru on Friday. It is an integrated Pharmaceutical Database Management System, managed and operated by National Pharmaceutical Pricing Authority (NPPA). Speaking at the release ceremony, the Minister said that this is the first data bank of Pharma industry that will help the manufacturers, regulator as well as the common masses. He said that now Manufacturers can fill their mandatory forms online, the Government and NPPA can have comprehensive data, and consumers can benefit by having full information about the medicines.

Speaking on the occasion, Minister of State for Chemicals and Fertilizers Hansraj Gangaram Ahir said that the Government is working for the welfare of the society. Appreciating the initiative of NPPA, he expressed the hope that the database will benefit the common man.

The Secretary, Department of Pharmaceuticals, Dr VK Subburaj said that the Databank will help in simplification of procedures. He expressed the hope that online system will become popular and companies will provide complete and timely information.