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Cardiac Stents Price To Rise By 8% YoY

The prices of cardiac stents is set to rise as the government has allowed stent makers to raise prices by eight percent year-on-year.

In a March 31 notification, the National Pharmaceutical Pricing Authority (NPPA) raised the ceiling price of the most commonly used drug eluting stent (DES) to Rs 30,080 from Rs 27,890. It also hiked price of bare metal stents to Rs 8,261 from Rs 7,660.

Drug eluting stents or the stents coated with a drug, constitutes 95 percent of the market. Both prices exclude Goods & Services Tax (GST), which is charged at five percent. – Money Control