Financial Daily from THE HINDU group of publications
Monday, May 01, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Medical & Surgical Equipments
Government - Policy


Medical device makers get a breather

P.T.Jyothi Datta

Deadline for registration extended


The Centre has now extended the deadline by another 60 days

Mumbai , April 30

From heart-valves to cardiac-stents and orthopaedic implants to internal prosthetic replacements, makers of medical devices in the country have got a two-month reprieve to apply for import and registration of their products.

The earlier deadline for medical device makers to submit their applications to the Drug Controller General of India (DCGI) was May 1. The Centre has now extended this by another 60 days (to June 29), following industry representations seeking more time to complete the documentation required to make the application.

Although regulation was waiting to happen on the largely unorganised domestic medical devices market, it was only last year that the segment came in for stringent scrutiny over the use of drug-coated stents in Maharashtra. Subsequently, the Centre brought select `high-risk' medical-devices under the scope of the Drugs and Cosmetics Act through a notification amending the rules.

More time to complete the documentation is just one of the appeals made by industry to DCGI, the regulatory authority for drugs and medical devices. There are infrastructure bottlenecks, from the regulator point of view and in terms of the industry's preparedness to submit the documentation, said Mr Alok Mishra, Managing Director of Johnson & Johnson Medical India, speaking in his capacity as the Confederation of Indian Industry's Chairman - Medical Equipment Division.

The other cause of disagreement is the fee of $1,000 or its equivalent for registration of single medical device and an additional fee of $1,000 for each additional device when the material or method of use is changed.

"India is a market where medical devices can be innovated to suit local needs and keep costs in control. A high registration fee can create a barrier to innovation for local and smaller manufacturers," said Mr Mishra.

Echoing similar concerns on infrastructure bottleneck, Mr Swaminathan Jayaraman, Managing Director of Vascular Concepts Private Ltd, also underlined the need for a quick review of product applications. A high registration fee can be paid, provided the money went towards creating infrastructure that facilitated a speedy review of applications, said the MD of the Bangalore-based medical-devices company.

Related Stories:
`New guidelines to hit medical devices sector'

More Stories on : Medical & Surgical Equipments | Policy | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
`Oil prices not to impact GDP rate'


Fillip to infrastructure to boost trade with Pak
Drill research ship to sail on May 3
NTPC scouts for blocks in Egypt, Australia
Ratnagiri Gas turbine test synchronised
Centre in talks with 5 countries for gas supply to Dabhol project
Medical device makers get a breather
Gold could test resistance, dip
Tribal rehabilitation — Going beyond the status quo
Panchayat power
2-day meet to discuss industrialisation
Agenda for the week
Bangalore to host travel mart in July
New import norms for GM soyaoil may be deferred
STPI plans incubation centres for small units
Exports from MEPZ up 40 pc to Rs 1,901 cr
Sri Lanka hopes to attract six-lakh tourists this year
`Strong public opinion vital to fight corruption'



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line