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GOVERNMENT HAS CAPPED TRADE MARGIN FOR FIVE MEDICAL DEVICES

GOVERNMENT HAS CAPPED TRADE MARGIN FOR FIVE MEDICAL DEVICES

Context:

So far around 620 brands have faced price reduction with the government capping trade margins on 5 more critical medical devices.

Key Points:

  • Cap has been put on devices such as digital thermometer and pulse oximeter which are being used extensively in the treatment of COVID-19, at 70% which is effective from 20th July.
  • On July 13th, the National Pharmaceuticals Pricing Authority (NPPA) had called on the rule to put a cap on the trade margin of 5 medical devices namely glucometer, nebuliser, BP monitor, oximeter, and digital thermometer.
  • Showing reduction of Rs 2,95,375 per unit, the maximum downward revision has been shown by an imported pulse oximeter brand.
  • Every domestic import and export brand across all categories has shown downward revision of MRP.
  • Nebulisers, Pulse oximeters and blood pressure monitoring machines have seen the highest rate reduction as said by the importers.
  • This revised MRP rates are effective from 20th July on all the brands available in India and the state drug controllers have got specifications for the strict monitoring and enforcement of this rule.
  • This decision was taken with the aim of making medical devices affordable during this pandemic hence, trade margins on these medical devices have been regulated by the NPPA.

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