Dug price regulator has directed all importers of medical devices to submit data in proper format.
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Name of imported medical devices |
landed cost |
price to trade |
maximum retail price (MRP) |
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|
|
|
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The importers are required to provide the data by June 7, 2018. In the light of the short time limit, the companies are required to furnish details of the top 10 products where the mark-up between LC and PTT is highest and the bottom 10 products where the mark-up is lowest, should be provided.
Equating high trade margins on some medical devices with "illegal profiteering", the government last year capped prices of some high-end heart stents - small wire-mesh structures used to treat blocked arteries
National Pharmaceutical Pricing Authority had asked for details of these devices from manufacturers and hospitals in May-June last year to probe how much profit is made on them but never made the findings public.
NPPA had sought data on medical devices critical devices including syringes, intraocular lenses, hip implants, cochlear implants, heart valves and various consumables on last year.
Huge trade margins in numerous medical devices have been documented in repeated investigations conducted in 2011, 2014 and 2017 by the Maharashtra and Odisha state Food and Drugs Administrations
The health ministry is discussing with industry stakeholders and analysing data to bring more critical medical devices under the National List of Essential Medicines (NLEM).
