• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Business

Feb 17, 2017, 12.14 PM | Source: PTI

Govt to act against cos creating artificial shortage of stents

Government today said it is keeping a close watch on some companies trying to create an artificial shortage of life-saving coronary stents and stringent action will taken against those engaging in unethical practices.

Like this story, share it with millions of investors on M3

Govt to act against cos creating artificial shortage of stents

Government today said it is keeping a close watch on some companies trying to create an artificial shortage of life-saving coronary stents and stringent action will taken against those engaging in unethical practices.

Post Your Comments

Share Cancel

| 1 Comments
Govt to act against cos creating artificial shortage of stents
Government today said it is keeping a close watch on some companies trying to create an artificial shortage of life-saving coronary stents and stringent action will taken against those engaging in unethical practices.

There are reports of shortages of stents in hospitals after the government reduced their prices by up to 85 percent by capping rates of bare metal stents at Rs 7,260 and drug- eluting ones at Rs 29,600 on February 13.

National Pharmaceutical Pricing Authority (NPPA), Drug Controller General India (DCGI) as well as Health Ministry have been asked to ensure compliance of price capping and adequate availability of coronary stents in the market at the earliest.

"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," Pharma Secretary Jai Priye Prakash told PTI.

The government would take all steps to ensure that there is adequate supply of coronary stents for cardiac patients in the country, he added.

The Department of Pharmaceuticals has written separately to NPPA, DCGI and Healthy Ministry requesting them to take "necessary action" to curb artificial shortage.

"... NPPA on February 13 has fixed the ceiling prices of coronary stents. There are some reports regarding shortage of coronary stents in the markets/hospitals.

"It is, therefore, requested that necessary action may be taken under paragraph 21 of Drugs (Prices Control) Order, 2013 (DPCO, 2013) to ensure adequate availability of coronary stents at the earliest," it said in its letter.

To implement the price cap, some manufacturers, distributors and importers are withdrawing cardiac stents from hospitals in the name of re-labelling, thereby creating an artificial shortage.

Buy, Hold, Sell ? Hear it first on M3
Govt to act against cos creating artificial shortage of stents

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login