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Modi-Trump meet: US lawmakers ask India to rethink price cap on stents

US Department of Commerce is likely to raise the issue with Modi during his visit on June 25-26

Reuters  |  New Delhi 

A group of US lawmakers have backed medical device makers by urging India to reconsider its decision to cap prices of heart stents, raising the issue ahead of Prime Minister Narendra Modi's visit to the United States later this week. In a letter sent to the Indian ambassador to Washington last month, and seen by Reuters, 18 members of Congress said they were "troubled" by the price cap, warning that it could deter firms from launching new medical products in India. Modi's government has in recent years capped prices of hundreds of life-saving drugs to make them ...

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First Published: Mon, June 19 2017. 13:49 IST