: Five medical devices including pulse oximeter & nebuliser witness price reduction #FinanceIndia #StockMarketNEWS Five medical devices including pulse oximeter & nebuliser witness price reduction New

@StockMarketNEWS Fri 30 Jul, 2021

Posted in: #FinanceIndia #StockMarketNEWS

Five medical devices including pulse oximeter & nebuliser witness price reduction #FinanceIndia #StockMarketNEWS
Five medical devices including pulse oximeter & nebuliser witness price reduction New Delhi, Jul 24 (KNN) The Union government which capped the trade margins of five medical devices such as oximeter and digital thermometer on July 13, has witnessed price reduction in the same, said Ministry of Chemicals and Fertilizers on Saturday.

In total, the government had put a cap on the trade margin of five medical devices — oximeter, glucometer, BP monitor, nebulizer and digital thermometer.

The margin was capped up to 70 per cent on Price to Distributor (PTD) level. Pursuant there to, a total of 684 products/brands of these medical devices have been reported as on July 23rd, 2021 and 620 products/brands (91 per cent) have reported downward revision of MRP, an official statement said.

The maximum downward revision has been reported by the imported brand of Pulse Oximeter, showing reduction of Rs 2,95,375 per unit, it said.

According to the statement, the downward revision of MRP has been reported by imported and domestic brands across all the categories. The highest reduction in prices for Pulse Oximeters, Blood Pressure Monitoring Machine and Nebulizer has been reported by importers.

The revised MRP effective from July 20th, 2021 on all the brands and specifications has been shared with the State Drug Controllers for strict monitoring and enforcement.

The relevant instructions are available on NPPA’s website (www.nppa.gov.in).

In order to monitor availability, the manufacturers / importers of these medical devices have been directed to submit quarterly stock details.