In a recent notification dated 16th August, 2018, the National Pharmaceutical Pricing Authority (“NPPA”) has extended the timeline of ceiling price fixed for orthopaedic knee implants till 15th August, 2019.
As per Paragraph 19 of the Drugs (Prices Control) Order, 2013 it is specified that the Government may increase or decrease the ceiling price of any drug for the benefit of public interest. The Ministry of Chemicals and Fertilizers, through a notification dated 16th August, 2017, had revised the ceiling prices of orthopaedic knee implants for knee replacement system on which was to be maintained for one year (reference trail mail). According to the recent notification the timeline of the revised ceiling price of the knee implants stands extended.
Source: National Pharmaceutical Pricing Authority
