India’s central government to regulate all medical devices as drugs

All medical devices in India will be regulated as drugs under Drugs and Cosmetic Act of 1940 with effect from April 2020.

This regulation would focus on ensuring all medical devices in India meets certain standards of efficacy and quality.

The current statistics showed that only 24 out of over 6,000 medical devices are regulated and being notified as drugs.
This change would potentially lead to a higher input cost, especially for local start-ups.

On the flip side, once devices are regulated they would give investors and surgeons the extra confidence to invest and try the products on patients. It will also inspire start-ups to do further research and innovation on medical devices.

 

Philippines’ executive order on medicine price cap

Philippines’ President Rodrigo Duterte officially signed the executive order which would see a cap set on selected medicines at a maximum retail price.

Under Executive Order No. 104,

“Improving Access to Healthcare through the Regulation of Prices in the Retail of Drugs and Medicines”.

There will be a price regulation set at,

  1. Maximum Retail Price,
  2. Maximum Wholesale Price

On both on certain drugs and medicines.

This comes after an intended proposal of price regulation which involved over 120 drugs for diseases and health conditions.

Under this MDRP scheme, there will be an average price reduction of 56% from market prices.