This note is NEED TO KNOW. The stamp is verified. It is the notification that two earlier notes were still waiting for. The National Pharmaceutical Pricing Authority's Gazette order S.O. 5690(E), dated 17 October 2026, was read with Press Information Bureau release PRID 2324743, issued at 6:53 pm that day. The Times of India, The Hindu BusinessLine, The Hindu, The Indian Express and News on AIR are the other reports in the package. A recheck at 11:45 am IST on 18 October, across the Gazette record, PIB, BusinessLine, The Hindu, The Indian Express, Business Standard and BW Businessworld, found the order unchanged: no corrigendum and no stay. The carousel was posted at 11:47 am IST.

On 10 October the published note was the approval only. NPPA had not yet notified the cap. That note is here: Centre caps trade margins on non-scheduled cancer drugs at 30% of MRP. On 13 October a separate note on the Supreme Court hearing recorded that the notification was still not out, and that a DGHS list was due on 14 October. That note is here: SC hearing: stent prices and a cancer-drug margin cap. The order of 17 October is the new step. It is not a retelling of the hearing.

The order caps the trade margin at 30 percent of MRP, excluding GST, on 137 non-scheduled anti-cancer drugs listed in Table B. It is made under paragraph 19 of the Drugs (Prices Control) Order, 2013. Patented drugs are covered. The caption says the list covers branded, generic and patented drugs, whether the drug is sold alone or in a combination. PIB's examples are pembrolizumab, durvalumab, osimertinib, bevacizumab, denosumab and pegfilgrastim. The caption names pembrolizumab, osimertinib, bevacizumab and denosumab. Those names are examples. They are not the whole list of 137.

The caption defines the trade margin in one line: the gap between MRP, excluding GST, and the price at which the company sells the drug to the stockist, called PTS. That gap is the earning of distributors, stockists and chemists. The order's formula is MRP = PTS × {1 + TM/(100 − TM)} + GST. PTS in the order is the price to the stockist for March 2026. The order's own illustration uses an MRP of Rs 300 plus GST and a PTS of Rs 70. The new maximum MRP is Rs 70 × (1 + 30/70), which equals Rs 100 plus GST. If a drug's MRP is already lower than the cap allows, that lower MRP is to be maintained. The order does not contain a percentage by which prices will fall.

PIB says the MRP is expected to come down by up to 70 percent, depending on existing price structures. The Times of India, in a report timed 3:32 am IST on 18 October, says prices of the 137 drugs are set to be reduced by up to 70 percent from 9 November, and it refers to a 42.9 percent mark-up on PTS. BusinessLine, at 10:00 pm on 17 October, says 30 percent of MRP excluding GST works out to a maximum of 42.86 percent over PTS or PTD. Those percentages are the outlets' and PIB's. They are not a figure printed in the order as a saving.

Revised prices take effect on 9 November 2026. Companies have 7 days to file the prices. The order also says production is to be maintained, so that supply is not cut, which is the caption's reading of that rule. From 9 November, the caption says, chemists and hospitals are to charge the revised MRP and display the price list. A price can be checked on the Pharma Sahi Daam app or at nppa.gov.in, which is the route PIB and the caption both give. The order says an overcharge can be recovered with interest. The caption says a buyer can report an overcharge to NPPA or the State Drug Controller.

The photograph is representational: generic capsules, NIAID, 11 May 2017, Wikimedia Commons, CC BY 2.0. It is not a cancer drug and shows no brand. The other slides are NP graphics.

Key facts

  1. NEED TO KNOW. Stamp: verified. Gazette order S.O. 5690(E), dated 17 October 2026, was read, with PIB release PRID 2324743. Rechecked at 11:45 am IST on 18 October: no corrigendum and no stay in the outlets checked. Posted at 11:47 am IST.
  2. The cap is 30 percent of MRP excluding GST, on 137 non-scheduled anti-cancer drugs in Table B. Patented drugs are included. The caption says branded, generic and patented drugs are covered, alone or in combination. Revised prices are effective 9 November 2026. Companies have 7 days to file prices. A lower MRP already in force is to be maintained. Production is to be maintained.
  3. The order's formula, as given: MRP = PTS × {1 + TM/(100 − TM)} + GST, with PTS for March 2026. Its illustration: MRP Rs 300 + GST and PTS Rs 70 become a maximum MRP of Rs 70 × (1 + 30/70) = Rs 100 + GST.
  4. The order states no percentage saving. PIB says prices are expected to fall by up to 70 percent, depending on existing prices. The Times of India says prices are set to be reduced by up to 70 percent, and cites a 42.9 percent mark-up on PTS. BusinessLine says 30 percent of MRP excluding GST is a maximum of 42.86 percent over PTS or PTD.
  5. This follows two earlier notes. On 10 October the cap was an approval, and NPPA had not notified it. On 13 October a court note recorded that the notification was still not out.

What each side says

What the order itself calculates

A worked case only: PTS Rs 70 and a trade margin of 30 percent of MRP give a maximum of Rs 100 plus GST, down from an illustration MRP of Rs 300 plus GST. Drugs already priced lower stay at that lower MRP.

What is an estimate, not the order

Up to 70 percent. PIB calls it expected, and says it depends on the existing price. The Times of India reports a reduction of up to 70 percent. The order contains no such percentage.

Not confirmed

  • A single rupee saving for every drug. The order's only illustration is the Rs 300 case.
  • That every price falls. An MRP that is already below the cap is maintained.
  • A corrigendum or a stay. The 11:45 am recheck found neither in the pages it opened.

Sources

  1. NPPA — Gazette order S.O. 5690(E), 17 October 2026 https://nppa.gov.in/storage/uploads/tender/277271-17-10-2026.pdf
  2. PIB / Department of Pharmaceuticals — PRID 2324743, 17 October 2026, 6:53 pm: 137 drugs, effective 9 November https://www.pib.gov.in/PressReleasePage.aspx?PRID=2324743 · 17 Oct 2026, 6:53 PM IST
  3. The Times of India — Prices of 137 cancer drugs set to fall by up to 70 percent from 9 November https://timesofindia.indiatimes.com/india/prices-of-137-cancer-drugs-to-fall-by-up-to-70-from-november-9/articleshow/135020339.cms · 18 Oct 2026, 3:32 AM IST
  4. The Hindu BusinessLine — 30 percent cap notified; new prices from 9 November https://www.thehindubusinessline.com/news/govt-notifies-30-cap-on-trade-margins-on-137-cancer-drugs-new-prices-from-november-9/article71597290.ece · 17 Oct 2026, 10:00 PM IST
  5. The Hindu — Government caps trade margins on 137 anti-cancer drugs https://www.thehindu.com/sci-tech/health/govt-caps-trade-margins-on-137-anti-cancer-drugs/article71597447.ece
  6. The Indian Express — Government caps trade margins on 137 anti-cancer drugs at 30 percent https://indianexpress.com/article/india/government-caps-trade-margins-anti-cancer-drugs-10926290/
  7. News on AIR — NPPA trade-margin rationalisation for 137 non-scheduled anti-cancer drugs https://newsonair.gov.in/nppa-undertakes-trade-margin-rationalisation-for-137-non-scheduled-anti-cancer-drugs-in-public-interest/