The Table below shows high margins of even medicines under price control. Many of LOCOST’s drugs are anything between 200 to 3000 percent cheaper than similar products in the market.
Table 1: Comparison of Cost Price and DPCO 2013 Ceiling Prices
|Name||Total Cost per 10 tabs in Rs||DPCO-2013 Ceiling Price as of Feb 2018 per 10 tabs in Rs||Col.3/Col.2 in percent|
|Albendazole 400 mg tabs||11.09||69.90||630|
|Amlodipine 5 mg tabs||1.24||22.80||1838|
|Atenolol 50 mg tabs||2.12||16.20||764|
|Atorvastatin 10 mg tabs||4.02||49.80||1238|
|Cetirizine 10 mg tabs||1.58||15.00||949|
Source: Cost price data from LOCOST, Feb 2018.
We do not cut costs at any stage of formulation or manufacture of medicines - our drugs are cheaper because of modest salaries of management level staff, no fancy secondary and tertiary packing, no trade commissions as there are no middlemen, no or little marketing expenditures and no gifts, etc. to the prescribers.