BSS
  29 Apr 2024, 15:29
Update : 29 Apr 2024, 16:52

HC issues rule to curb medicine price hike

 Dhaka, April 29, 2024 (BSS)- 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 patients 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.