The government not to lift price caps on medical devices but likely to rationalise trade margins

Meha Kumari
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  • 2 Oct, 2019 10:36 am
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NEW DELHI: The government will not lift price caps on medical devices but is open to rationalise trade margins to allay concerns of importers as revealed by the officials. Importers have opposed the decision to impose price caps on medical devices, arguing that the move will hurt innovation.
Commerce and industry minister Piyush Goyal held talks with officials of the Department of Pharmaceuticals, National Pharmaceutical Pricing Authority, NITI Aayog and experts contemplating differential pricing on coronary stents before he left for the US with a recommendation that price caps on medical devices like stents and knee implants be maintained.

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