Tuesday 20 August 2019
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business-standard - 6 days ago

Govt has begun to acknowledge financial pressures on medical device firms: MTaI

The Medical Technology Association of India (MTaI) on Wednesday said the government has begun to acknowledge the financial pressures on medical device firms and allowed them to increase the price of knee implants by 10 per cent in the next one year. The government on Tuesday had said the ceiling price of orthopaedic knee implants will be monitored to ensure that the cost does not increase beyond 10 per cent in a given year and this shall be subject to a review after one year. We were seeking a 20 per cent increase in selling price of knee implants to make up for two years of price control combined with continuing pressures of rupee devaluation and inflation, MTaI Chairman Pavan Choudary said in a statement. It is reassuring that the government has begun to acknowledge the financial pressures on medical device companies and has decided to give a partial relief by letting companies increase the price by 10 per cent in next one year, as per Para 20 of DPCO, 2013 , he added. As we ...


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