Tue, May 23, 2017 | updated 12:58 AM IST

NATHEALTH welcomes government's move to involve stakeholders for rational policy on stent pricing

Updated: Aug 27, 2016 15:48 IST      
NATHEALTH welcomes government's move to involve stakeholders for rational policy on stent pricing
New Delhi [India], Aug 27 (ANI): The government has shown its willingness to make NLEM effective and rational by incorporating the recommendations of various stakeholders including medical technology and provider sectors.

In recent meetings with the sector representatives, senior officials of the Department of Pharmaceuticals (DoP) and the National Pharmaceutical Pricing Authority (NPPA) deliberated in detail all aspects and issues related to pricing mechanism for stents.

It is expected that the government would soon come out with a robust policy which would be effective, relevant and acceptable to all, which will create a balance between quality patient care and the sector's healthy growth.

Appreciating the government's move and the positive, balanced approach, President-NATHEALTH, Rahul Khosla said, "We welcome DOP/NPPA's consultative and inclusive approach by involving providers/eminent clinicians.

NATHEALTH, as a unique collaborative multi segment platform, is aligned with the government's approach. It also stresses on the fact that all Drug Eluting Stents (DES) cannot be considered the same.

During the consultation meeting, the clinicians and experts recommended to the Government that a DES classification norm via a matrix be prepared through a detailed workshop deliberating on all the relevant criteria like Type of drug, Type of alloy, Strut thickness, Polymer profile, Deliverability / Track-ability etc.

It was also suggested that the classifications should be based on published safety and efficacy outcome data and global regulatory approvals need to be taken into consideration.

"There seemed to be a consensus amongst Clinicians, Government and Industry that a Scoring Matrix, with above parameters, should be designed to determine the DES classification and NATHEALTH sincerely requests the Government to follow up through a multi-stakeholder workshop to design the matrix," said Secretary General NATHEALTH, Anjan Bose.

MedTech and Provider sectors also recommended that the Government allows differential pricing for discrete generation stents as the new generation stents are believed to have better long-term patient-centric outcomes like low thrombosis and low re-stenosis rates.

According to them, this is imperative to keep the innovation momentum going. Hence having different pricing (or percent reduction in proposed pricing) slabs categorized by different stent types, is recommended.

It is widely agreed that rising Non-Communicable Disease ( NCD) burden may have prompted the government to bring in Stents in the National List.

Additionally, the Committee of experts constituted by the Union Ministry of Health and Family Welfare (MoHFW), in its report, has indicated its desire to bring other cardiology products under NLEM as well.

The reason cited for this action is the Government's desire to improve the number of Percutaneous Cardiac Interventions (Angioplasty).

There is sufficient evidence that generational improvements in DES through incremental innovation has resulted in improved patient outcomes (Thrombosis and Re-stenosis reduction for example).

"NATHEALTH feels that there is a great collaborative opportunity here for Healthcare Providers and MedTech Industry to work together providing the Government with the required support and input which should result in improved healthcare accessibility and affordability without compromising on the genuine needs of the industry considering the differences between Drugs and Devices," added Bose.

"Coronary Stent is an essential device for ensuring optimal outcomes for coronary/ cardiac procedures. Selecting the appropriate stent for each procedure should be the choice of patients and medical practitioners in order to ensure such optimal outcomes. Bringing stents under the ambit of a totally pharmaceutical-style pricing control regime will restrict their inflow and usage into India, and thus, negatively impact patient choice and outcomes," added Khosla.

NATHEALTH, which is a unique collaborative forum comprising of both healthcare providers and medical technology companies as well as Diagnostic, Health Insurance, Health IT, Health Education, Health innovators/start-up companies has been constantly engaging with several Government Agencies to explain that due to their uniqueness, medical devices cannot be treated through policies and framework made completely for pharmaceutical products.

In this context, NATHEALTH sincerely appreciates Government's desire to seek and integrate various stakeholders' input in the final policy decisions. (ANI)

SRF limited announces Q4 and FY17 financial results

Updated: May 22, 2017 18:51 IST     

New Delhi [India], May 22 (ANI-NewsVoir): SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2017 under Indian Accounting Standards (IndAS). The company's audited results were approved by the Board of Directors in a meeting held today in Gurgaon, Haryana.

Full Story >>

CBDT signs two more Unilateral APA's with Indian taxpayers

Updated: May 22, 2017 18:45 IST     

New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced entering into two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers on May 4 and 11 respectively, out of which one agreement holds a rollback provision.

Full Story >>

Bangalore [India], May 22 (ANI-Businesswire India): Relocating household goods from one place/city to another can be really one of the most challenging, hectic and stressful events of life. Whether it is a local shift within the city of Bangalore or relocating home from this city to another city of India, it would be a complicated and time-consuming process for an individual to do it all alone. There are lots of hassles, tedious tasks and unpleasant issues involved with the process of relocation which can pester an individual badly. On the other hands, hiring services of one of the credible and competent packers and movers in Bangalore would be a great decision with respect to simplify the relocating process and turn the circumstance into the easygoing and smooth affair.

Full Story >>

New Delhi [India], May 22 (ANI): Online recruitment marketplace AasaanJobs on Monday announced the roll out of its 'Interview scheduling' feature for employers and candidates, which will allow employers to specify and pick different time slots for scheduling interviews with job aspirants.

Full Story >>

New Delhi [India], May 22 (ANI): Schneider Electric the global specialist in energy management and automation on Monday announced appointment of Venkatraman Swaminathan as the Vice-President, IT Division - India Zone.

Full Story >>

New Delhi [India], May 22 (ANI-NewsVoir): Pearl Academy, India's leading private institution in design, fashion, creative businesses and media, concluded its ten-day long campaign - #MumbaiByDesign which celebrated the quintessential Mumbai through a series of initiatives across the city.

Full Story >>

foodpanda raises USD 431.45 million from Naspers

Updated: May 22, 2017 15:30 IST     

New Delhi [India], May 22 (ANI): Online marketplace for food delivery foodpanda on Monday announced receiving of investment worth USD 431.45 million from global internet and entertainment group Naspers into its parent company Delivery Hero.

Full Story >>

New Delhi [India], May 22 (ANI): Fintech start-up Zeta, which offers digital employee benefits for tax optimisation, has tied up with Sodexo Benefits and Rewards India for administration of digital employee benefits in the country.

Full Story >>

Mumbai [India], May 22 (ANI-Businesswire India): The India Meteorological Department (IMD's) recent prediction of favourable monsoon in India is likely to have a positive impact for companies in the agricultural sector like Ruchi Soya Industries Limited.

Full Story >>

New Delhi [India], May 22 (ANI): As per the joint study conducted by ASSOCHAM and PwC, in India, about 10 to 15 percent of wastes produced by industries are hazardous and the generation of hazardous wastes is increasing at the rate of two to five percent per year.

Full Story >>

New Delhi [India], May 22 (ANI-NewsVoir): It's time for hunger pangs and cravings for home cooked food well, Noodles, Pastas, dosas, juices, smoothies and soups. Just name it and you will be up for making it! If your kitchen is equipped with the perfect Kitchen Appliances, making a variety of these scrumptious, healthy, fresh and hygienic dishes is no longer a time consuming process. "KENT Smart chef appliances" has introduced the all new and innovative KENT Noodles & Pasta Maker and KENT Turbo Grinder and Blender to cook healthy and cook fast.

Full Story >>

To land CPEC-linked jobs, more Pak students learning Chinese

Updated: May 22, 2017 12:41 IST     

Islamabad [Pakistan], May 22 (ANI): The impact of the China-Pakistan Economic Corridor project, it seems, is being felt in educational institutions in the country, for more and more than students have reportedly taken to learning the Chinese language for short and long term benefit.

Full Story >>

Maharashtra Assembly passes GST Bill

Updated: May 22, 2017 12:02 IST     

New Delhi [India], May 22 (ANI): The Maharashtra Assembly on Monday passed the Goods and Services Tax (GST) Bill in a session of its lower house.

Full Story >>

Bangalore [India], May 22 (ANI-Businesswire India): L&T Technology Services Limited, a leading global pure-play engineering services company, announced it has been positioned in the "Winners Circle" by HfS Research, The Services Research Company in

Full Story >>

Mumbai [India], May 22 (ANI-Businesswire India):Mumbai-based Omkar Realtors and Developers, a market leader in redevelopment and luxury residential projects, created history in India's real estate sector with a grand gathering of 1200-plus channel partners from across Mumbai, India, Dubai, GCC region, Singapore, Hong Kong who attended the promotional event by Omkar's for its new product offering 'SIGNET by Omkar', a project offering efficient and compact 1 and 2 BHKs at Malad East on Western Express Highway.

Full Story >>

MoS Finance confirms July 1 roll out of 'all-inclusive' GST

Updated: May 22, 2017 08:40 IST     

Bareily (Uttar Pradesh) [India], May 22 (ANI): Following up from the meeting of the Goods and Services Tax (GST) council on May 18 and 19, Minister of State for Finance Santosh Gangwar said the stage is set for the scheduled roll out of the GST Bill on July 1st.

Full Story >>

GST is Modi Govt.'s 'biggest achievement': ASSOCHAM

Updated: May 21, 2017 13:02 IST     

New Delhi [India], May 21 (ANI): With the roll out of the 'revolutionary' Goods and Services Tax bill scheduled for July 1, the ASSOCHAM has perceived this as the present government's 'biggest achievement', facilitating digitisation, financial and inclusion, while public investment on railways and power distribution infrastructure is set to change the structure of the economy, the chamber said.

Full Story >>

Omkar Realtors introduces 'SIGNET by Omkar'

Updated: May 20, 2017 17:46 IST     

Mumbai [India], May 20 (ANI-Businesswire India): Mumbai-based Omkar Realtors & Developers, a market leader in redevelopment and luxury residential projects, announced the launch of 'SIGNET by Omkar', a project offering efficient 1 and 2 BHK homes at Malad East on Western Express Highway.

Full Story >>

New Delhi [India], May 20 (ANI-NewsVoir): Policybazaar.com (twitter handle: @policybazaar_in), India's largest insurance website and comparison portal, has launched a new advertising campaign with the tagline "Cancer se ladai main insurance kaam aega" (insurance will come handy in fight against cancer).

Full Story >>

New Delhi [India], May 19 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. provided legal and strategic advice to HP Inc. (HP) from a competition law perspective in relation to its proposed acquisition of the global printer business of Samsung Electronics Co. Ltd.

Full Story >>