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LATEST NEWS UPDATES | Govt may cap knee implant prices -Aesha Datta

Govt may cap knee implant prices -Aesha Datta

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published Published on Aug 9, 2017   modified Modified on Aug 9, 2017
-The Hindu Business Line

Industry likely to meet officials today

New Delhi:
Patients with debilitating knee problems, requiring joint replacement surgeries, would soon regain spring in their steps. The National Pharmaceutical Pricing Authority (NPPA), which capped the prices of coronary stents in February, may cap the prices of knee implants soon.

According to a source in the know of the developments, the price of knee implants is likely to be capped with just a 35 per cent margin over the landed price. The Chairman of NPPA, Bhupendra Singh, however, could not be reached.

Huge margins

Late last week, the NPPA revealed detailed data of its market analysis on the prices of various components of knee implants, which revealed massive margins, as high as 449 per cent in some components. Capping of prices at landed price and an additional 35 per cent margin could, potentially, bring down the cost of these individual parts, or even the price of the total knee system, by as much as 70 per cent, according to some calculations.

Sources said a consultative meeting between the NPPA officials and the industry is expected on Wednesday.

The industry and other stakeholders have been asked to submit their comments on the trade margins on implants by Friday.

In the case of coronary stents, the trade margin was kept at 8 per cent, over and above the margins of the manufacturer/importer.

“Considering the high-end value market of coronary stents, this 8 per cent margin would cover margins across the trade channels,” the NPPA had said in February.

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The Hindu Business Line, 8 August, 2017, http://www.thehindubusinessline.com/economy/policy/govt-may-cap-knee-implant-prices/article9807683.ece?homepage=true


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