In India, the Indian Pharmacopoeia Commission (IPC) is responsible for publishing the Indian Pharmacopoeia (IP). What impact does the IP have on the pharmaceutical industry in India?
1
It restricts the import of foreign medications.
2
It sets the standards for drug quality and provides protocols for testing to ensure the safety and efficacy of pharmaceutical products marketed in India.
3
It primarily focuses on the pricing and marketing of drugs.
4
It serves as a guide for the nutritional labeling of supplements.