AdvaMed Petitions for Relief From India’s Device Price Caps
AdvaMed filed a petition with the U.S. Trade Representative seeking relief from India’s new price controls on certain medical devices.
Earlier this year, health authorities in India set price caps on coronary stents and knee replacement implants.
Under the new regulations, prices were slashed by up to 85 percent for coronary stents and 70 percent for knee implants on average, according to AdvaMed.
India is also considering price caps for other medical devices, such as orthopedic implants and catheters.