The National Pharmaceutical Pricing Authority (NPPA) has directed the manufacturers and importers of the five medical devices it has recently imposed a trade margin cap of 70 per cent to submit quarterly stock details within 10 days from the completion of the quarter, till the time the notification is in force.

The drug price regulator said that the revised maximum retail prices of 1034 brands of medical devices has been received by the authority, from the importers and manufacturers.

The Authority, through a Gazette Notification issued on July 13, 2021 has capped the trade margin of pulse oximeter, blood pressure monitoring machine, nebuliser, digital thermometer and Gluck meter, at 70 per cent at the Price to Distributor (PTD) level. It was further notified that the prices are to be revised by the manufacturers or importers as per the formula prescribed in the notification and the revised prices shall be effective from July 20, 2021.

The quarterly stock details, including units manufactured, imported, sold and exported, have to be submitted in the prescribed format, in order to assess the availability of these devices in the country.

“…manufacturers/importers of these five medical devices are hereby directed to submit requisite quarterly stock details, for every quarter, in the prescribed format within 10 days from the completion of the quarter till the time notification mentioned above is in force,” said an NPPA notification.