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1-min read

Govt Increases Stent Prices by Around 2 Per Cent

"NPPA has fixed/revised ceiling prices of 46 scheduled formulations of Schedule-I under Drugs (Price Control) Amendment Order," the regulator said in a statement.

PTI

Updated:March 31, 2017, 7:46 PM IST
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Govt Increases Stent Prices by Around 2 Per Cent
In this file photo, a heart surgeon holds a stent, which is inserted into constricted coronary arteries to help keep them open and normalise blood flow. (Reuters)
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New Delhi: Drug price regulator NPPA has increased price of stents by around 2 per cent effective from Saturday after taking into account wholesale price index.

The prices of bare metal stents have gone up to Rs 7,400 from the earlier announced prices of Rs 7,260.

Similarly, price of drug eluting stent has increased to Rs 30,180 from Rs 29,600 earlier.

In February, the National Pharmaceutical Pricing Authority (NPPA) brought stents under price control and capped ceiling price of coronary stents at Rs 7,260 for bare metal stent and Rs 29,600 for drug-eluting ones.

The corresponding average MRPs before the price control stood at Rs 45,100 and Rs 1.21 lakh respectively.

NPPA has also fixed ceiling price of 46 drug formulations used for various ailments including hepatitis B, HIV and tuberculosis.

"NPPA has fixed/revised ceiling prices of 46 scheduled formulations of Schedule-I under Drugs (Price Control) Amendment Order," the regulator said in a statement.

The government fixes the prices of essential drugs based on the simple average of all medicines in a particular therapeutic segment, having sales of more than 1 per cent.

Besides, it regulates the prices of all other medicines, while companies are allowed to hike prices of such drugs by up to 10 per cent in a year.

The government had notified DPCO, 2013, which covers 680 formulations, with effect from May 15, 2014, replacing the 1995 order that regulated prices of only 74 bulk drugs.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Nakshab Khan
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