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Legal Central Ministry of Chemicals and Fertilizers Essential Commodities Act, 1955

NPPA Clarifies Increase in Price of Orthopedic Knee Implants

10-Oct-2023 | File No 20(8) /13/2019/Div.III/NPPA

National Pharmaceutical Pricing Authority (NPPA) has issued an Office Memorandum, providing clarity on the increase in the price of Orthopedic Knee Implants. This clarification comes in response to Gazette Notifications issued by the NPPA regarding the ceiling prices of Knee Replacement Systems. Key Points: 1. Context: The memorandum refers to the Gazette Notifications No. S.O. 4078(E) dated 15th September 2023, which set the ceiling prices for Orthopedic Knee Implants for Knee Replacement Systems. It also establishes a monitoring mechanism for these prices. 2. Clarification on Price Increase: Starting from 16th September 2023, manufacturers and importers of knee implants are allowed to increase the Maximum Retail Prices (MRP) of Knee Implants by up to 10% of the MRP during the preceding 12 months. 3. Basis for Price Calculation: The previous MRP, as per Notifications No. S.O. 2668(E) dated 16th August 2017, S.O. 3987(E) dated 13th August 2018, S.O. 2934(E) dated 13th August 2019, S.O. 2768(E) dated 14th August 2020, S.O. 3147(E) dated 15th September 2020, S.O. 3670(E) dated 10th September 2021, and S.O. 4343(E) dated 15th September 2022, will be considered along with applicable taxes.

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