IANS | 25 Apr, 2024
The Association of Indian Medical Device Industry (AiMeD) welcomes
the Indian government's decision to review the regulations controlling
drug prices, which will cover include medical devices too, an
association official said.
"We're happy that the Indian
government plans to review the regulations controlling drug prices,
which will now include medical devices too. As the main association for
the medical device industry in India, we're pleased to be part of the
discussion," AiMeD's forum coordinator Rajiv Nath told IANS.
He
said the government has decided to expand the list of special invitees
for the committee constituted for Reforms in the Pricing Framework for
Drugs and Medical Devices.
As per the order issued by the
Department of Pharmaceuticals, 12 more organisations representing the
pharma and medtech industries have been invited as special invitees to
the Committee.
"We believe that medical devices need separate
rules. We want to encourage fair marketing based on quality and value,
not on pushing products with high profit margins. For a while now, we've
been asking for rules that stop companies from artificially raising
prices on medical device labels. This practice hurts honest
manufacturers and marketing companies. Instead, we want fair competition
based on the real value of the products, not inflated prices," Nath
added.