Regulatory Law Expert

This article provides an in-depth overview of pharmaceutical laws in Nepal, covering the regulatory framework established by the Drugs Act of 1978. It outlines the responsibilities of the Department of Drug Administration, the processes for drug manufacturing and distribution, and the quality standards required for public safety. Learn about the penalties for violations and the importance of compliance for stakeholders in the pharmaceutical industry.

The Maximum Retail Price (MRP) is the highest price at which a product can be sold, including all taxes and fees, set by the manufacturer. MRP protects consumers by limiting overpricing and ensuring transparency in retail markets. This system promotes fair trade, consistency in pricing, and prevents exploitation, especially in regions with limited competition. In Nepal, MRP is enforced under the Consumer Protection Act, 2018, to safeguard consumers from price exploitation and maintain equity in pricing across different areas. Businesses benefit from consistent pricing, while consumers gain assurance that they are not overcharged.