Last week was all about fourth quarter results, debate over generic drugs and drug price control measures.
National Pharmaceutical Pricing Authority said on Wednesday said that the companies cannot pull their stents from the market abruptly after the duo had cited commercial viability concerns in their withdrawal applications.
Regulator NPPA today said it has received complaints against 30 hospitals for overcharging on stents while some patients have received refunds for the excess payments.
Hailing the Centre's decision to put a cap on prices of coronary stents, a group of doctors today sought a similar cap on the prices of medicines, hip and knee implants and intraocular lenses.
No action will be taken against hospitals under the scanner for overcharging on stents if they refund the money to patients before receiving a demand notice, drug price regulator NPPA said.
Regulator NPPA today asked hospitals to prominently display revised price list of stents while ordering manufacturers and importers to report to it in case of withdrawal or non-availability of products.
NPPA said relabelling of stents is not mandatory, and called upon manufacturers and importers to issue revised price lists as quickly as possible in line with its price cap order - a move seen as an attempt to simplify the process ensure continuation of cardiac services to patients.
NPPA said the government can direct any manufacturer to maintain, import or increase supplies of cardiac stents in public interest, and a designated officer of government of both State and Central can enter, search and seize stocks of stents anywhere in the trade channel – if they found to be hoarding them.
The National Pharmaceutical Pricing Authority‘s new policy on stent is welcome as it improves access and brings in transparency, but capping coronary stent prices may hurt manufacturers, according to Medanta Chairman Naresh Trehan.
Many heart patients get newer, pricey stents inserted during artery-clearing procedures, even if it's not clear they would be worse off with more basic, less expensive stents, a new study suggests.