India reportedly has no plans to roll back it price caps on stents and in fact is slated to cap the prices on a trio of other cardiac devices and intraocular lenses. Citing “sources familiar with the matter,” Reuters reported that Indian regulators are resisting U.S. and domestic pressure to re-think its stance on the […]
Indian National Pharmaceutical Pricing Authority (NPPA)
India proposes caps on use of imported med devices, priority for local makers
India’s government is proposing new regulations that could set significant caps on medical devices imported into the country, according to a new set of draft guidelines from the country’s Department of Pharmaceuticals. The new regulation would require that 50% of all medical disposables and consumables and 40% of all implants be produced locally, according to […]
India warns medical device makers on pricing data
Indian regulators reportedly warned medical device companies that their “last opportunity” to submit data on pricing ends in two weeks, eight months after issuing the original deadline. India’s National Pharmaceutical Pricing Authority has already slapped price caps on stents and other devices and is auditing alleged hospital overpricing on stenting procedures; last month the NPPA flagged the country’s hospitals for “unethical […]
India regulators flag hospitals for ‘unethical profiteering’ on devices
Indian regulators this week flagged the country’s hospitals for “unethical profiteering” from “exorbitant” markups – some as much as 2,000% – for commonly used medical devices. India’s National Pharmaceutical Pricing Authority – which has already slapped price caps on stents and other devices and is auditing alleged hospital overpricing on stenting procedures – cited the markups […]
Report: India to allow stent makers to exit the market
Indian regulators reportedly said yesterday that it won’t force makers of drug-eluting stents to stay on the market there under its new price caps. Earlier this month India’s National Pharmaceutical Pricing Authority cut the prices on drug-eluting stents yet again, by about 7.6% from approximately $469.60 (₹30,180) to $433.82 (₹27,890). Those new price caps came as a […]
India’s NPPA cuts prices on drug-eluting stents by nearly 8%
India’s National Pharmaceutical Pricing Authority cut prices on stents yet again, dropping the cost of certain stents by about 7.6%, according to a Reuters report. This time, the prices on drug releasing stents were cut from approximately $469.60 (INR ₹30,180) to $433.82 (INR ₹27,890), according to the report. Read the whole story on our sister […]
India’s medical device industry protests NPPA stent price caps
Indian medical device manufacturers and associations are voicing their opposition to price caps on stents and other devices imposed by India’s National Pharmaceutical Pricing Authority, according to a report from the Economic Times India. The price cap has reportedly left little to no room for innovation in the country, with industry groups now demanding an […]
Report: Indian legislator seeks price caps for 20 medical devices
A member of India’s parliament asked Prime Minister Narendra Modi yesterday to cap the prices on 20 medical devices, in addition to the orthopedic and cardiac products that are already cost-limited there. The caps enacted by India’s National Pharmaceutical Pricing Authority on knee implants and cardiac stents have caused other major medtech players to seek to withdraw their devices from […]
Report: US pressuring India to halt price caps, allow market withdrawals
The US government is pressuring India to halt the extension of price caps on medical devices and to allow businesses to withdraw their products from the market if they don’t want to sell at those rates, according to a report from The Hindu. The push came from a senior US Trade Representative, according to the […]
India’s NPPA tells Boston Scientific to choose between exiting stent market or seeking higher price caps
India’s National Pharmaceutical Pricing Authority has told Boston Scientific (NYSE:BSX) it has to choose between either seeking to withdraw its premium coronary stents from the market or seeking a higher price for them after the Authority received applications for both options, according to an Indian Economic Times report. The company was blocked from removing its Promus […]
Indian gov’t mulls price cap on ‘essential’ medical devices
The Indian government is considering capping prices on medical devices it deems essential to health care, according to a new report from LiveMint. The government has assembled a committee to create a National List of Essential Medical Devices which it intends to make available with assurances related to both quality and price, according to the […]