Govt should not control drug prices
The prices of APIs have gone up in the range of 5-88%
The strong performance of the sector is in line with our expectations: Icra
The NPPA notified the ceiling price of orthopaedic knee implants on 16th August, 2017
The NPPA website notes that the amount still under litigation is around Rs 4,084.05 crore
Govt decides to have bureaucracy set drug prices
This is in order to monitor the price movement of 19 medical devices out of 23 medical devices notified as drugs under the Drugs and Cosmetics Acts
The formulations with fixed retail prices include Telmisartan and Chlorthalidone Tablet used in treating high blood pressure marketed by Sun Pharma
The steps are in continuation of the government's drive to make affordable quality medicines available to patients
Setting up of an advisory committee has been a long-standing demand of the industry
On February 13, NPPA had capped the price of drug-eluting stents at Rs 29,600
Total number of formulations under the price control since April 2016 has reached around 760
Currently, the government monitors the price movement of 19 medical devices
It has fixed the price of P-PPi-L capsules which are used for treating acidity
National Pharmaceutical Pricing Authority (NPPA) chairman Bhupendra Singh has said there was no proposal "as of now" to extend a price cap to other medical devices.The government has categorised 22 medical devices as drugs. Among these, four products, including cardiac stents, are categorised as scheduled drugs and NPPA can cap their price under law. In respect of other devices such as catheters, heart valves and intra ocular devices (categorised as non-scheduled drugs), the government allows for a 10 per cent price hike in a year.While the NPPA is monitoring the prices, fixing those for other devices is not on the agenda, Singh said on Thursday. He met representatives of pharmaceutical companies and hospitals in this city, to understand their concerns on drug pricing and particularly on capping of stent prices. Singh said all the stents being sold in India will continue to be available. On Wednesday, NPPA rejected requests from device makers Abbott Healthcare and Medtronic ..
Drug Eluting Stents will now be priced at Rs 30,180 and Bare Metal Stents at Rs 7,400
The government has notified 22 medical devices as drugs under the Drugs and Cosmetics Act, 1940
The regulator has registered 1,493 cases of overcharging since its inception in 1997
The regulator has been fixing and revising the prices of drugs
Hospitals not providing these details could be accused of distorting evidence deliberately