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Indian biotech leader calls for tax exemptions on essential medicines to boost affordability.
Kiran Mazumdar-Shaw, chairperson of Biocon Ltd, has urged the Indian government to exempt cancer, rare-disease, and chronic disease drugs from taxes to make them more affordable.
She also called for reduced import duties on high-tech medical equipment and materials, which could lower costs for patients.
Currently, a 12% tax applies to chronic disease medications, and import taxes on medical equipment can reach 36%.
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Líder biotecnológico indio pide exenciones fiscales sobre medicamentos esenciales para aumentar la asequibilidad.