Health · Healthcare & Policy · 1 day ago

Medical device industry seeks markup caps similar to cancer drug limit

Medical device industry seeks markup caps similar to cancer drug limit

India’s National Pharmaceutical Pricing Authority has approved a cap on the markup of anti-cancer drugs at 30% of their maximum retail price.

The Association of Indian Medical Device Industry wants similar controls for medical devices.

It says the rules must cover imported and domestically made products on equal terms.

Under earlier price controls, the association says, the cap began at the sale to distributors, leaving importers’ margins outside the capped chain.

It says this can make an imported product’s maximum retail price about 43% higher than its domestic equivalent.

The group proposes treating the importer as the first point of sale and piloting controls on selected high-volume consumables to avoid shortages.

It says it is ready to work with India’s Department of Pharmaceuticals and the pricing authority on a national framework.

Sources

Related news