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flag Indian biotech leader calls for tax exemptions on essential medicines to boost affordability.

flag 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. flag She also called for reduced import duties on high-tech medical equipment and materials, which could lower costs for patients. flag Currently, a 12% tax applies to chronic disease medications, and import taxes on medical equipment can reach 36%.

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