June 2018
10:43 PM IST
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Fresh FIR filed against Nirav Modi for possessing multiple Indian passports        Nigeria: 31 people killed in twin suicide blasts        1 dead, 20 injured in New Jersey arts festival shooting        Mexico shock World Cup holders Germany        World Cup: Serbia edge out Costa Rica in Group E opener        Messi penalty saved as Iceland hold Argentina        Pakistan SC bars Musharraf from contesting election        FIFA World Cup 2018: Russia stun Saudi Arabia in opener, substitutes shine in 5-0 win        India vs Afghanistan, one-off Test: Afghanistan fight back as India reach 347-6 on Day 1        Four killed, 10 missing after landslide in Kerala        Railways drop coach factory project in Palakkad        Vajpayee better, hopeful of full recovery in next few days: AIIMS director        Congress wins Jayanagar assembly seat in Karnataka        N Korea no longer a nuclear threat: Trump        Former president Maldives and chief justice sentenced for obstruction of justice        Hafiz Saeed-backed MML can’t contest Pakistan elections        Afghanistan not nervous about Test clash with India, says skipper Asghar Stanikzai        Amelia Kerr slams 232* to break 21-year-old record in Women's ODIs        Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems        Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide        
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Business News
Need to revisit price cap on knee implants: MTaI
New Delhi, Aug 30 (PTI) Medical device makers body Medical Technology Association of India (MTaI) today said it has asked the national drug pricing regulator NPPA to revisit decision to implement price controls on knee implants.

It also expressed concern over the manner in which the National Pharmaceutical Pricing Authority (NPPA) has moved to cap the prices of knee implants.

In its representation to NPPA, MTaI said it has requested the regulator to reconsider the decision of imposing price ceiling as it had not considered appropriate categorisation of the implants while fixing the prices.

About the NPPA's order of August 25 mentioning that knee implant ceiling prices should be inclusive of bone cement charges, MTaI said bone cement is a separate component not manufactured by all orthopaedic knee manufacturers.

"This perhaps is the first time that the price of one drug is embedded into the price of another drug, when both the drugs are commercially available as packaged and finished goods of respective manufacturers, and governed separately under the D&C Act," MTaI said in a statement.

It also expressed concern "over the hasty manner of decision-making to apply price controls, particularly by invoking Para 19 of the DPCO, which we find contrary to the goals of increasing patient access and creating an environment that encourages investments in India," it added.

Invoking para 19 also by-passes due involvement of NLEM and Medical Technology Assessment Board (MTAB), MTaI said.

"We urge the NPPA to re-think its decision to implement price controls on knee implants and refrain from additional price controls, and to have open dialogues with the industry to develop sustainable solutions," it added.

MTaI also said that it is keen to partner with the government and discuss, "how we can work together to address unmet healthcare needs in India and find solutions to improve standards of care for patients across the country".

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