NEW DELHI: Indian manufacturers and importers of medical devices will soon have to compensate patients for serious side effects of their products. On Wednesday, an experts’ panel set up by the government finalised the terms of a legally binding compensation formula which will be recommended to the health ministry for incorporation in the Drugs and Cosmetics Act. India so far did not have legal provisions to compensate patients who suffer serious side effects due to use of medical devices. The law mandates compensation only when something goes wrong during a clinical trial. According to the formula finalised by the nine-member medical devices sub-committee, compensation will be determined on the basis of parameters like the base amount, loss of wages, and the degree of disability.