NPPA to cap coronary stent prices

Will meet industry representatives this month for inputs on stent prices

Industry opposes move to control stent prices
Veena Mani New Delhi
Last Updated : Aug 11 2016 | 12:17 AM IST
The National Pharmaceutical Pricing Authority (NPPA) is in the process of fixing the ceiling price of coronary stents. According to NPPA sources, that there would be two prices for stents - one for plain metal stents and the other for drug-eluting stents. That latter category is more expensive. Stents could be priced anywhere between Rs 25,000 and Rs 1,25,000.

Stents were listed by the government as an essential medicine earlier this year when a sub-committee was formed to assess whether coronary stents need to be categorised as essential medicines, which come under the ambit of the NPPA for the purpose of regulating prices.

The price ceiling will be effective once the health and family welfare ministry and the department of pharma issue legislative orders for the same. The regulation of prices will be across all imports and domestically manufactured stents.

The NPPA is scheduled to meet industry representatives later this month to get their inputs on stent prices. The pharma sector has so far resisted any kind of price regulation of stent. In fact, the industry has said drugs and medical devices must be treated differently and that medical devices should not be regulated in terms of their prices, unlike drugs.

NPPA sources said regulating prices of stents would be a complex job. In the case of drugs, a base price is taken but this is not available for stents. Drug prices are generally revised by the NPPA by taking the average of industry estimates.

Industry stakeholders say that a ceiling in stent prices won't make a difference for the patient as they'll go for what the doctors prescribe. The committee's intention while placing coronary stents in the essential drugs list was primarily to ensure medical devices are available to everyone.

STENT PRICING GIVES HEARTACHE
  • NPPA to have different prices for plain metal stents & drug-eluting stents
     
  • Drug-eluting stents to be priced differently than normal metal stents
Industry sources:
  • Stents can cost anywhere between Rs 2,500 and Rs 1.25 lakh
     
  • Drug-eluting stents to be more expensive than plain metal stents
     
  • Ceiling prices of stents will not bring down patients' worries
NPPA sources:
  • Jumping into "hot soup" by fixing ceiling price for stents
 
  • Fixing prices of stents to be a difficult task

  • *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

    More From This Section

    First Published: Aug 11 2016 | 12:09 AM IST

    Next Story