NPPA slaps Rs 4.92 crore demand notice on Natco Pharma for overcharging 
Corporate Watch

NPPA slaps Rs 4.92 crore demand notice on Natco Pharma for overcharging

Natco Pharma Ltd on Thursday said it has received a demand notice of over Rs 4.92 crore from NPPA for alleged overcharging for two drugs

PTI

New Delhi: Natco Pharma Ltd on Thursday said it has received a demand notice of over Rs 4.92 crore from the National Pharmaceutical Pricing Authority (NPPA) for alleged overcharging for two drugs.

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The National Pharmaceutical Pricing Authority (NPPA) has issued demand notice "under para 15 of Drugs Price Control Order, 2013 directing the company to deposit an amount of Rs 4,92,25,923, including overcharge amount, penalty and interest", Natco Pharma said in a regulatory filing.

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Also read:CSR non-compliance: Govt imposes Rs 20 crore penalties on companies in last 3 financial years

The demand notice alleges overcharging for two drugs covering the period between April 2023 and November 2023, it added.

There is no material impact on financial, operational and other activities of the company, it added.

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