The ex-factory prices of liquid medical oxygen and oxygen gas cylinders have been capped at ₹15.22/CUM and ₹25.71/CUM, respectivelyThe National Pharmaceutical Pricing Authority's move is aimed at stopping black marketing and hoarding of LMOs and oxygen cylinders amid a surge in covid-19 cases
2 min read26 Sep 2020The govt has directed the NPPA to take all steps to regulate the availability and pricing of LMO and medical oxygen in cylinderDue to absence of price cap on liquid medical oxygen, manufacturers have hiked prices to fillers
2 min read26 Sep 2020The NPPA had in February 2017 put prices of cardiac stents under price control after the government had classified these as drugsThe All India Drug Action Network (AIDAN) last year had raised concerns related to the safety of the product
1 min read29 Feb 2020Earlier, there were concerns that such price reductions could force foreign firms to pull out from the marketThe number of patients who underwent heart procedures with stents rose by 43% after the prices were slashed
2 min read18 Apr 2019The US medical devices lobby group AdvaMed says India's decision not to raise knee implant prices for another year could take a 'toll' on manufacturers
2 min read3 Sep 2018The government's previous attempts to cap high trade margins in the sale of drugs show that getting the balance wrong can hurt patients
4 min read26 Aug 2018Move a relief for medical device makers who say price controls hurt innovation, profits and investments
2 min read13 Aug 2018Meril has developed MeRes100, which it claims is the country's first locally made bioresorbable vascular scaffold, or naturally dissolving stent for clearing blockages in arteries
4 min read18 Jul 2018NPPA permitted Abbott Healthcare to discontinue selling its Xience Alpine Premium stents from the Indian market
2 min read26 Apr 2018NPPA has increased the price of bare metal stents to Rs7,660 from Rs7,260 and reduced the price of drug-eluting and biodegradable stents to Rs27,890 from Rs29,600
2 min read13 Feb 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared