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mumbai: GlaxoSmithKline has decided to slash the price of the widely-used fever and pain-relief pill, Crocin Advance by half, after the drug pricing regulator National Pharmaceuticals Pricing Authority (NPPA) rejected its application seeking an exemption from price control. GSK is reducing the price of Crocin Advance' to conform to the price notified under Drug Price Control Order (DPCO) 2013 with immediate effect.
At present, Crocin Advance fast release 500 mg is priced at Rs 30 for a strip of 15 tablets, whereas the price of paracetamol 500 mg - the drug...