India's Stent Price Slash Creating Climate Of Fear, Foreign Device-Makers Say

The Medical Technology Association of India (MTaI), made up of multinationals with significant investments in the country, says the government of Prime Minister Narendra Modi has gone the wrong route in slashing prices of cardiac stents by more than 75% and interfering in the dynamics of the market.

The National Pharmaceutical Pricing Authority (NPPA) last month slapped price caps on stents to end what it called “exploitative pricing.” It said it wanted to make the devices more affordable...