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India introduces price controls for knee implants
The introduction of price controls marks the latest step by Prime Minister Narendra Modi’s government to make drugs and medical devices more affordable. In February, it imposed a 75 percent price cut for certain heart stents - wire mesh tubes used to treat blocked arteries, which caused protests among manufacturers.
India’s drug pricing authority said on Wednesday that orthopaedic implants in India had unjustified, unreasonable and irrationally high trade margins, leading to exorbitant pricing. Read more here.
Last modified: Thu, 12 Oct 2017 13:47:46 BST