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Price Control on Cardiac Stents

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July 27, 2017

What is the issue?

  • In India, emergency angioplasty was carried out in less than 10% of patients mainly because of the cost involved in the procedure and the lack of access to stents.
  • So, in February 2017, the National Pharmaceutical Pricing Authority slashed prices of stents by up to 85%.

What is a Stent?

  • Stents are tiny metal tubes coated with medication, which are inserted into clogged arteries to keep them flowing well.
  • The devices save thousands of lives globally, every year.
  • Emergency angioplasty is the treatment of choice during an acute heart attack, wherein the clot is crushed with a balloon and a stent is placed.
  • It improves the chance of the patient surviving by almost 30% when compared to clot dissolving medication.
  • So, bringing the devices under price control was necessary to enable more patients to make use of this procedure.

What are the problems?

  • Senior cardiologists have noticed a disturbing increase in multi-vessel stenting.
  • With cheaper stents and a fall in procedure costs, many more patients are opting for angioplasty.
  • Another issue is the availability of latest generation stents.
  • Major international stent companies had filed for withdrawing their latest products from the Indian market.
  • If this happens, newer and innovative stent technology will never be introduced in India.
  • Research on indigenous stents has become a victim of the government’s plan.
  • With prices of imported stents and Indian stents now being the same, doctors and patients could prefer the imported devices.
  • If the situation continues, the financial viability of Indian stent manufacturers could be hit.
  • Also, in India, before innovating, manufacturing and marketing a stent, a company has to go through several regulatory hurdles.
  • This will have a bearing on their capacity to do quality research.
  • Ultimately, lack of indigenous research and development will make the country dependent on imported stents.
  • Medical tourism also will be hit as it will become apparent that Indian hospitals do not have the latest generation stents.

What could be done?

  • There must be a system to make sure that the latest medical devices, including stents, are priced differently.
  • All aspects involving medical device development must be fast-tracked and should be as transparent as possible.
  • The government must support Indian stent manufacturers and medical device research so that we don’t have to depend on imported stents.

 

Source: The Indian Express

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