Last year, on February 14, the pharma watchdog cut the price of coronary stents to Rs 29.600 from as high as Rs 200,000, a reduction of around 85 per cent. However, the price of another category of stent - bare metal stent - was capped at Rs 7,260.
Trade margins were capped at 8 per cent along the complete supply chain as the NPPA observed unethical mark-up in fixing the maximum retail price by manufacturers.
The NPPA used its extraordinary power of Para 19 of the Drug Price Control Order (DPCO) 2013 to cap the price of coronary