Govt meets stent makers to ensure availability

Image
Press Trust of India New Delhi
Last Updated : Feb 19 2017 | 4:42 PM IST
The government has held a meeting with stent makers and importers to review its availability in market amid reports that artificial scarcity is being created in the garb of withdrawing the device for price relabelling.
There are reports of shortages of stents in hospitals after the government reduced their prices by up to 85 per cent by capping rates of bare metal stents at Rs 7,260 and drug- eluting ones at Rs 29,600 on February 13.
"The government held a meeting with all domestic stent manufacturers as well as all the importers and their associations. They have all assured that the supplies would be maintained and no shortage will be allowed to develop. There is enough stock," Pharma Secretary Jai Priye Prakash told PTI.
It was also decided that if needed, a separate meeting with associations and bodies of hospitals will be called with the assistance of health secretary to sensitise the hospitals too, he added.
Senior officials of Department of Pharma and NPPA had met the stent manufacturers and importers to review the availability of stents in the market, amid reports of artificial scarcity being created in the garb of withdrawing stents for re-labelling of prices.
"We are keeping an eye on all those who are engaging in unethical practices such as creating artificial shortage of stents, not abiding by the fixed ceiling price etc, against whom strict action will be taken," Prakash had earlier said.
The Department of Pharmaceuticals has already written separately to NPPA, DCGI and Healthy Ministry requesting them to take "necessary action" to curb artificial shortage.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Feb 19 2017 | 4:42 PM IST

Next Story