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Retail prices of syringes marked up as much as 664%, report

In an NPPA report, it was found that retail prices of various syringes are marked up as much as 664% on average from the rates at which distributors purchase them. Similarly, retail prices of needles are on average up to 356% higher, analyzed on basis of available data on the trade margins of these products. The findings come about 3 months after a segment of syringe and needle makers in India decided to voluntarily reduce their product prices to avoid price caps by the drug pricing regulator. Some manufacturers said this move has cost them dearly. Maximum retail prices of syringes are marked up between 214% and 1,251%, depending upon the type, while trade margins in the case of needles varied between 57% and 789%.