Saturday, February 6, 2016

Glenmark introduces EMI scheme for cancer treatment drugs – Economic Times

NWEW DELHI: Glenmark Pharmaceuticals has actually rolled out an EMI scheme for cancer patients in order to guidance them keep on the treatment and fulfill the higher expenditure of medication.

The Mumbai-based firm has actually included its 2 drugs — Abirapro prescribed for prostate cancer and Evermil, meant for various cancers, such as breast and renal cell carcinoma — under the scheme.

Currently, Abirapro 250 mg in 1twenty group dimension is priced at Rs 39,990. The drug in 60 group dimension costs Rs 19,995 and 30 group dimension at Rs 9,998.

The company’s 10 tablet group of 10 mg Evermil tablets is priced at Rs 29,965 while the 5 mg tablets in 10 tablet group is priced at Rs 19,900.

“higher drug expenditure is among the primary reasons for patients not finishing treatment or dropping from treatment. While Glenmark Oncology stabilizes pick needy patients along with free drug support, EMI is one step forward to guidance patients remain on treatment,” Glenmark Pharmaceuticals President & Head – India Firm Sujesh Vasudevan told PTI.

The firm likewise strategies to introduce flexi payment scheme for various other higher value cancer drugs fairly soon, he added.

Both Abirapro and Evermil should be taken for long durations of time ranging from a couple of months to over a year or more. The two the drugs are crucial for the survival of patients.

“As a result of higher fee of these 2 brands lots of patients are not able to take the complete treatment or as a result of the fee lots of are skipping to take the appropriate treatment,” Vasudevan said.

In order to assist the patients, the firm is rolling out the flexi pay initiative in 12 cities — Bengaluru, Mumbai, Pune, Ahmedabad, Hyderabad, Cochin, Kolkata, Chennai, Indore, Jaipur, Brand-new Delhi and Chandigarh.

As every the scheme, the patients have actually a substitute of EMI tenure of 3 months, 6 months and 9 months. They can easily usage bank credit cards at pick places for getting the drugs. No processing fee is levied on the patients for this transaction.

“Oncology is a concentration therapeutic segment for us, not just in India yet likewise globally. Our initiatives will certainly be to keep on to extend our cancer patient base and make a distinction in their lives,” Vasudevan said.

Around 12,000 deaths occur As a result of prostate cancer in the country every year and just concerning 10-15 every cent patients get hold of finish treatment for the disease.

Besides, concerning 29,000 patients are being diagnosed along with renal cell carcinoma every year in India. About 1.56 lakh cases of Metastatic breast cancer were diagnosed last year in the country.

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