Proposed New Drugs, Medical Devices & Cosmetics Bill Raises Concerns Among Industry Stakeholders
Date: Monday, July 31, 2023, 08:00 Hrs [IST]Location: New DelhiThe Indian government's plan to introduce the New Drugs, Medical Devices and Cosmetics Bill, 2023 in the current parliamentary session has sparked unease among industry members. The proposed bill is intended to replace the age-old Drugs and Cosmetics Act of 1940, aiming to regulate the import, manufacturing, distribution, and sale of drugs, medical devices, and cosmetics while ensuring safety, quality, and efficacy.However, industry representatives have expressed reservations about the potential centralization of licensing and other powers under the control of the Central drug regulatory authority. They fear that such a move could adversely affect small and medium-sized pharmaceutical companies. Currently, the Centre formulates legislations, and the States implement and regulate the manufacture and sale of medicines. The new bill may shift…
