Meet on stent price cap

Meanwhile, other state drug regulators have also been asked to monitor the prices

Meet on stent price cap
Veena Mani
Last Updated : Feb 27 2017 | 12:39 AM IST
Uttar Pradesh Chief Secretary Rahul Bhatnagar will chair a meeting to work out a plan to implement the capping of stent prices. As the National Pharmaceutical Pricing Authority (NPPA)’s notification doesn’t distinguish between government owned hospitals and private hospitals, stents have to be sold at the fixed prices. A senior official from the state told Business Standard, “The chief secretary has convened a meeting to ensure availability of stents. He will also review the state’s preparedness to deal with the situation.”  In a recent communication to the NPPA, chief secretary has mentioned that there was no shortage of quality stents in the state. Other state drug regulators have also been asked to monitor the prices and the availability of stents.  

A senior official from the state told Business Standard, “The chief secretary has convened a meeting on the how to ensure availability of stents. He will also review the state’s preparedness to deal with the situation.” 

Meanwhile, other state drug regulators have also been asked to monitor the prices and the availability of stents. On the 13th of February, NPPA had notified the prices of stents capping them at Rs 29,600 for drug eluting stents and Rs 7,260 for bare metal stents. The centre also invoked section 3(i) of the Drug Price Control Order to ensure no artificial shortage of stents is created by manufacturers as also hospitals. 

As per section 3(i) , manufacturers are required to submit manufacturing and distribution data to the government for the next six months. The NPPA has also begun to crack the whip on hospitals overcharging, those not revising the prices, and those not providing patients with quality stents.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story