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February 2-4, 2017

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September 1, 2017 OrthoSpineNews

NEW YORKAug. 31, 2017 /PRNewswire/ — MediPoint: Partial Knee Replacement – South America Analysis and Market Forecasts

Summary

Read the full report: https://www.reportlinker.com/p05089140

Over the past two decades, there has been increasing interest in Partial knee replacement (PKR) as a means of treating unicompartmental knee osteoarthritis. Indications have expanded while previous contraindications such as age, body mass index, patellofemoral osteoarthritis, and anterior cruciate ligament (ACL) deficiency have been lifted. Technological advancements in implant design, fixation methods, and surgical techniques have led to improved survival rates, better patient-reported outcomes, and reduced complications. Interest is growing in robotic-assisted techniques, which are poised to optimize results and reproducibility. Cementless designs also look promising, although given the anatomy of the knee condyles, this might introduce more risks to the overall procedure.

South American Partial knee replacement (PKR) market was estimated at $5+M in 2016 across the three markets (ArgentinaBrazil, and Chile) covered in this report. By the end of the forecast period in 2023, it is estimated that the market will grow approximately at a Compound Annual Growth Rate (CAGR) of 7+%.Brazil represented the largest portion of the market in 2016, representing more than 70% of the regional revenue, and is expected to maintain this dominance through the forecast period. Argentina is expected to be the fastest-growing market through 2023.

As countries’ economy grows, the volume of partial knee replacement procedures is expected to increase further, primarily due to the demographics of an aging population and a trend towards early surgical intervention in younger patients. In the forecast years, launching and marketing a comprehensive large joint portfolio with a clear value proposition will remain critical to companies’ success as they jockey for market position. A long-term foothold within the global knee market hinges on how well companies can align themselves with the primary market force buffeting healthcare today: the need to deliver top-notch, cost-effective care.

The incidences of osteoarthritis of the knee and other degenerative knee diseases are increasing simultaneously with the aging population. Partial knee replacement (PKR), or unicondylar knee arthroplasty (UKA), is an alternative to total knee arthroplasty (TKA) used to treat patients whose osteoarthritic condition is isolated to the medial or lateral tibio-femoral compartments. PKR is a less invasive procedure than TKA that replaces only the damaged part of the joint with a prosthesis, resulting in less blood loss and the preservation of healthy ligaments, cartilage, and bone in the knee. The decision to undergo a PKR instead of TKR is based on the disease stage, patient expectations, published results, and surgeon expertise.

Given the heightened competitive pressures and shrinking reimbursement, the average selling price for Partial knee replacement (PKR) implants is expected to decline. However, it is expected that the revenue from increased procedure volume will make up for this loss.

This report focuses on the market outlook for Partial knee replacement (PKR) devices in South America (ArgentinaBrazil, and Chile). The analysis identifies the key unmet needs in the PKR market, discusses the major drivers and barriers of adoption, and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography.

Key Questions Answered
– What is the current and future Partial knee replacement (PKR) market outlook in the developed and emerging markets? What trends are affecting the South American market?
– Which are the key, high growth markets that PKR manufacturers should expand into?
– What are the unmet needs with the current generation of Partial knee replacement (PKR) devices? How will emerging technologies fulfill these unmet needs?
– What are the challenges and complications that have hindered widespread adoption?
– With developing the next-generation of devices, what aspects of the technology are device manufacturers focused on optimizing? How will new entrants impact the Partial knee replacement (PKR) market?

Scope
– Overview of recent key industry events and analysis of their market impact.
– Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
– Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
– Analysis of the current and future market competition in the global PKR market. Insightful review of industry drivers, barriers, and challenges.

Reasons to buy
The report will enable you to –
– Develop and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.
– Develop business strategies by understanding the trends shaping and driving the video laparoscopes market.
– Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the video laparoscopes market in the future.
– Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
– Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
– Track device sales in country-specific video laparoscopes market from 2014-2023.
– Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

Read the full report: https://www.reportlinker.com/p05089140

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

https://www.reportlinker.com

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SOURCE Reportlinker


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August 29, 2017 OrthoSpineNews

August 29, 2017

ARLINGTON, Tenn.–(BUSINESS WIRE)–MicroPort Orthopedics, a medical device company that develops and manufactures cutting-edge joint replacement implants and approaches, today announced the launch of its Procotyl® Prime Acetabular Cup System.

“At MicroPort Orthopedics, we embrace the constant advance in orthopedic medicine, and have a deep commitment to creating products that make patients’ lives better,” said Aurelio Sahagun, President. “The Procotyl® Prime Acetabular Cup System, with its best-in-class features, is a great example of this commitment, as it not only strengthens our position as a leader in surgical joint replacement, but also complements our existing products and surgical approaches to help patients return to full function faster.”

The Procotyl® Prime Acetabular Cup System, which is the next step in the evolution of the successful Dynasty® Acetabular Cup System, received 510k Clearance from the U.S. Food & Drug Administration in late June.

“Procotyl® Prime’s design is a culmination of over 20 years of market experience coupled with intelligent design and engineering,” said Dr. James Chow, Director of Orthopedics Hip & Joint at Phoenix St. Luke’s Medical Center. “We set out to design an implant optimized for highly-crosslinked polyethylene and modern 3D fixation surfaces, allowing us to eliminate compromises. The result is a shell that is strong and flexible, has maximized poly thickness and robust pull-out strength, all while allowing the versatility of large head options in the smallest sizes.”

In addition to the benefits of the implant, the Procotyl® Prime system is the first on the market designed with simple, versatile instrumentation to support a variety of surgical approaches, including all of MicroPort’s soft-tissue sparing philosophies.

Dr. Brad Penenberg, Chief of Arthroplasty Service at Cedars-Sinai Hospital, said, “Procotyl® Prime is the first acetabular component adapted for MicroPort’s novel portal-assisted acetabular instrumentation. This unique approach facilitates preservation of soft tissue, fast patient recovery, and direct acetabular visualization.”

For more information about the Procotyl® Prime Acetabular Cup System or MicroPort Orthopedics, visit www.ortho.microport.com or follow the brand on Twitter and Facebook.

About MicroPort Orthopedics
Established in January 2014, MicroPort Orthopedics Inc. is the fifth largest multinational producer of hip and knee implants and a proud member of the MicroPort Scientific Corporation family of companies. From its headquarters in Arlington, Tennessee, MicroPort Orthopedics develops, produces, and distributes innovative OrthoRecon products. The company’s U.S.-based manufacturing and logistics capabilities deliver high quality hip and knee products to patients and their doctors in over 60 countries, including the U.S., EMEA, Japanese, Latin American and China markets. For more information about MicroPort Orthopedics, visit http://www.ortho.microport.com/.

About MicroPort Scientific
MicroPort Scientific Corporation is a leading medical device company focused on innovating, manufacturing, and marketing high-quality and high-end medical devices globally. With a diverse portfolio of products now being used at an average rate of one for every 15 seconds in thousands of major hospitals around the world, MicroPort maintains world-wide operations in a broad range of business segments including Cardiovascular, Orthopedic, Electrophysiological, Endovascular, Neurovascular, Surgical, Diabetes Care and Endocrinal Management, and others. MicroPort is dedicated to becoming a patient-oriented global enterprise that improves and reshapes patient lives through application of innovative science and technology. For more information, please refer to: http://www.microport.com.

Forward-Looking Statements
Some information contained on this website contains forward-looking statements. These forward-looking statements include, without limitation, those regarding our future financial position, our strategy, plans, objectives, goals and targets, future developments in the markets where we participate or are seeking to participate, and any statements preceded by, followed by or that include the words “believe,” “intend,” “expect,” “anticipate,” “project,” “estimate,” “predict,” “is confident,” “has confidence” and similar expressions are also intended to identify forward-looking statements. Such statements are based upon the current beliefs and expectations of MicroPort’s management and are subject to significant risks and uncertainties. MicroPort Scientific Corporation undertakes no obligation to update any of the statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that could cause actual future results to differ materially from current expectations include, but are not limited to, general industry and economic conditions, PRC governmental policies and regulations relating to the medical device manufacturing industry, competition in the medical device manufacturing industry, our ability to develop new products and stay abreast of market trends and technological advances, our goals and strategies, our ability to execute strategic acquisitions of, investments in or alliances with other companies and businesses, fluctuations in general economic and business conditions in China.

This document is for information purposes only and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any securities of MicroPort Scientific Corporation, and no part of it shall form the basis of, or be relied upon in connection with, any agreement, arrangement, contract, commitment or investment decision in relation thereto whatsoever.

All rights reserved.

Copyright © 2017 MicroPort Scientific Corporation

Contacts

LaVoieHealthScience
Sharon Correia
scorreia@lavoiehealthscience.com
617-412-8779


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August 24, 2017 OrthoSpineNews

WARSAW, Ind.Aug. 24, 2017 /PRNewswire/ — Today, DePuy Synthes* announces an exclusive U.S. agreement with JointPoint, Inc. to co-market its proprietary software platform to provide an easy-to-use, surgeon-friendly navigation system that can help deliver improvements in surgical outcomes. JointPoint’s software provides non-invasive computer navigation, pre-surgical digital templating, case planning, and feedback while performing total hip replacement surgeries. JointPoint easily integrates with the Anterior Approach. The Anterior Approach is a minimally invasive surgical approach that allows a surgeon to work around the muscles, rather than cut through them, to get to the hip joint.

Adding the JointPoint software to a surgeon’s protocol may help reduce leg length discrepancy and complications related to inaccurate cup placement and final implant selection – two of the most important considerations in hip replacement surgery – by providing pre-surgical digital templating and real-time, data-driven surgical decision making in the operating room.

“We are thrilled to partner with JointPoint to help provide more predictive outcomes for surgeons and their patients,” said Aaron Villaruz, Global Hip Platform Leader, DePuy Synthes Joint Reconstruction. “By providing access to important information at key stages of the hip replacement process, together we can help surgeons streamline cases and allow for pre-surgical goals to be achieved more consistently.”

One of the important features of the JointPoint software is OneTrial™, which can predict optimal implant combinations based on pre-surgical goals using just two images during surgery. Unique to DePuy Synthes implants is the ability of OneTrial™ to also provide precise recommendations on implant size and position to enable more confident adjustments and reduce OR time and fluoroscopy by eliminating re-trialing. Additionally, the JointPoint software helps streamline communications through a JointPoint calendar, case sharing, and case planning/collaboration.

“During hip replacement surgery, physicians strive for optimal implant choices and positioning to improve patient satisfaction by achieving proper leg length, offset, and cup positioning. JointPoint Hip Navigation System gives surgeons the confidence with real time feedback so they can ultimately help restore patients back to their natural function efficiently while minimizing fluoroscopy,” said Dr. Andrew J. Cooper**, MD. “I’m excited about what JointPoint can offer those surgeons whose patients are good candidates for the Anterior Approach.”

DePuy Synthes will begin co-marketing the JointPoint software in the second half of 2017.

About DePuy Synthes Companies

DePuy Synthes Companies, part of the Johnson & Johnson Medical Devices Companies***, provides one of the most comprehensive orthopaedics portfolios in the world. DePuy Synthes Companies solutions, in specialties including joint reconstruction, trauma, craniomaxillofacial, spinal surgery and sports medicine, are designed to advance patient care while delivering clinical and economic value to health care systems worldwide. For more information, visit www.depuysynthes.com.

About JointPoint, Inc.

JointPoint, Inc. develops and markets software-driven medical technology for orthopaedics. The JointPoint software solution and OneTrial™ technology is a completely non-invasive navigation system for hip replacement surgery that provides intraoperative data and guides component selection while also optimizing efficiency within a surgical workflow. For more information, visit http://www.jointpoint.com

*DePuy Synthes represents the products and services of DePuy Synthes, Inc. and its affiliates.
**Consultant to DePuy Synthes Joint Reconstruction with an ownership interest in JointPoint, Inc.
***The Johnson & Johnson Medical Devices Companies comprise the surgery, orthopaedics, and cardiovascular businesses within Johnson & Johnson’s Medical Devices segment.

©DePuy Synthes 2017. All rights reserved.

Photo courtesy of JointPoint, Inc.

The third-party trademarks used herein are the trademarks of their respective owners.

 

SOURCE DePuy Synthes

Related Links

http://www.depuysynthes.com


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August 21, 2017 OrthoSpineNews

August 21, 2017

GAINESVILLE, Fla.–(BUSINESS WIRE)–Exactech (Nasdaq:EXAC), a developer and producer of bone and joint restoration products and biologic solutions for extremities, knee and hip, announced today that the new Truliant® Knee System’s surgical instrumentation received a bronze award in the 2017 International Design Excellence Awards (IDEA®). Sponsored annually by the Industrial Designers Society of America (IDSA), the 2017 winners were recognized on Aug. 19 in Atlanta, Ga.

Exactech’s Truliant Knee System offers a comprehensive portfolio of implants and instrumentation to help surgeons address the remaining clinical challenges of total knee replacement. The goal of the ergonomic instrumentation design is to help surgeons make accurate and consistent bone cuts and adjustments to the joint during total knee arthroplasty. The designs embody Exactech’s brand strategy and offer surgeons a reproducible and efficient experience through:

  • Texturing and blue accents which indicate touch points for adjustability and functionality,
  • Elegant black background for high-contrast markings and easily identified grip locations,
  • Dials that offer tactile and auditory feedback with every click, and
  • Textured surfaces on handles and specific points which provide a secure grip and accommodate mechanical and functional needs of the user.

The industrial design project, a first for the company, was led by Exactech’s knee business segment. According to Laurent Angibaud, director of knee and CAS engineering at Exactech, “Merging customer input with solid design principles, our industrial design and technical engineers optimized the function and appearance of new instrumentation to improve user experience, which is core to our surgeon-focused culture. This award demonstrates Exactech’s commitment to developing solutions to address real clinical needs.”

Design Team Surgeon Sudheer Karlakki, FRCS (Orth) at the Robert Jones and Agnes Hunt Orthopaedic Hospital NHS Foundation Trust in the United Kingdom commented: “Truliant provides a harmonious balance of both functional improvements and format enhancements with a color scheme that aligns with the Exactech brand. An important design emphasis was placed on users being able to pick up any instrument and easily get a sense of its important working features. With its ergonomic and intuitive design intentions, surgeons and hospital staff should have an instant connection to the system; that is the real beauty of Truliant.”

Surgical teams across the country have been experiencing the benefits of Truliant through the system’s initial rollout and first cases. According to Tomas Nemickas, MD of Illinois Bone and Joint Institute, “My impression of the new Truliant system is that Exactech has done a fantastic job at fine-tuning a new set of instruments to allow for a more predictable and reproducible outcome. The award is well deserved and demonstrates what I have experienced firsthand with the Truliant Knee System.”

Certified Surgical Technologist Mary Joy Tanada from Stanford University said, “I was unbelievably surprised with the ease of use and simplicity of the Truliant instrumentation. The tools are well balanced in surgeons’ hands and easy to understand. The system is modular and organized into four trays that are all interchangeable based on needs of the case, making it streamlined and efficient for the entire surgical team.”

IDEA is a premier international design competition sponsored annually by the IDSA and judged by renowned design experts from around the world. The 2017 competition attracted hundreds of entries from 54 countries on six continents.

About Exactech

Based in Gainesville, Fla., Exactech develops and markets orthopaedic implant devices, related surgical instruments and biologic materials and services to hospitals and physicians. The company manufactures many of its orthopaedic devices at its Gainesville facility. Exactech’s orthopaedic products are used in the restoration of bones and joints that have deteriorated as a result of injury or diseases such as arthritis. Exactech markets its products in the United States, in addition to more than 30 markets in Europe, Latin America, Asia and the Pacific. Additional information about Exactech can be found at http://www.exac.com.

A current investment profile on Exactech (Nasdaq: EXAC) is available online at http://www.hawkassociates.com/profile/exac.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.

This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company’s expectations or beliefs concerning future events of the company’s financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company’s dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company’s products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.

Contacts

Exactech
Investor contacts
Jody Phillips, 352-377-1140
Executive Vice President of Finance & Chief Financial Officer
or
Hawk Associates
Julie Marshall or Frank Hawkins, 305-451-1888
EXAC@hawkassociates.com
or
Exactech
Media contact
Priscilla Bennett, 352-377-1140
Vice President, Corporate & Marketing Communication


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August 18, 2017 OrthoSpineNews

By  | August 14, 2017

CMS announced on August 5 that they are considering whether to provide coverage for hip and knee replacement surgeries at outpatient surgery centers.

This kind of coverage could further incentivize patients to choose ambulatory surgery centers (ASCs) over traditional hospitals for outpatient procedures, which worries some hospital leaders. Not only could hospitals stand to lose revenue for joint replacement surgeries, a substantial portion of their income, but many doctors do not yet feel comfortable performing some of these operations in outpatient settings.

Just last year, the Advisory Panel on Hospital Outpatient Payment unanimously agreed that CMS should remove total knee replacement from the inpatient only list. However, not all patients are good candidates for outpatient total joint replacement surgeries, and surgeons should take into consideration a patient’s age, BMI, and overall health before opting for outpatient surgery.

It is estimated that demand for joint replacement surgeries will grow 77 percent over the next 10 years, but only 3 percent of these are predicted to be inpatient procedures. Currently only about half of joint replacement patients spend 1-2 days in the hospital while recovering, leading experts to believe that outpatient joint replacements are a respectable option for outpatient surgery centers.

 

READ THE REST HERE


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August 18, 2017 OrthoSpineNews

August 17, 2017/Kirrily Schwarznews.com.au

SOME surgeons are charging thousands more than others for routine surgeries, leaving hapless patients to foot the extra costs out-of-pocket.

A new report by the Royal Australasian College of Surgeons and Medibank says patients are being forced to pay as much as $5500 extra for knee and hip surgeries due to huge variations in surgical fees around the country.

Analysts used data from Medibank customers who claimed more than $5 as out-of-pocket expenses following surgery.

It’s pretty dry, but there are two significant takeaway points.

First: always shop around for a surgeon.

“There is a lot more to selecting a doctor than taking the first person that is recommended to you,” Dr Linda Swan, chief medical officer of Medibank, told Fairfax’s Kate Aubusson.

“[Cost] should be part of the referral process. They should be asking questions like ‘What is the expertise of this doctor?’, ‘How many procedures have they done?’, ‘What costs will I incur?’, ‘What hospitals will this doctor be able to walk right into?”

Second: consider flying to South Australia, where patients are asked to cough up much smaller amounts far less often than in other states.

KNEE REPLACEMENTS

The report surveyed 543 surgeons who performed at least five knee replacements, and found the cost of identical surgeries could range between $17,797 and $30,285.

Almost four out of every 10 patients were asked to cough up an average of $1885 — although that ranged as high as $5137.

Interestingly, while 59 per cent of patients were asked to shell out extra in New South Wales, only one per cent had to pay out-of-pocket in South Australia.

 

READ THE REST HERE

 


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August 18, 2017 OrthoSpineNews

Paxeon Reconstruction, a manufacturer of best-in-class orthopedic products including derivative and emerging products, announces that has successfully launched its High Offset (135º) Collared Origin HA Coated THA Stem.

Paxeon Reconstruction now offers the following options in it’s Origin HA THA Stem – 135º Standard Collared and Collarless, 135º High Offset Collared and Collarless, 125º Coxa Vara Collared – giving Paxeon Reconstruction 5 options (3 Collared, 2 Collarless) on its Origin Hip System.

“The goal in hip replacement is to restore the prediseased biomechanics of the hip.  Paxeon has released a lateralized collared stem which gives the surgeon an option to restore the native offset without lateralizing the center of rotation of the hip.  Paxeon has been very receptive in meeting the surgeons needs as demonstrated by bringing the lateralized collared stem to market” said Dr. Brian Rosenberg.

Kyle Sineath, President of Paxeon Reconstruction said: “The addition of a 135º Collared High Offset to our already proven hip implants is exciting for Paxeon. We strive to provide a complete portfolio for our successful Value Solutions Program to extend savings throughout the total joint continuum of care.”

“I am very pleased that Paxeon Reconstruction has addressed a specific need in total hip arthroplasty by producing the first truly collared lateral offset stem with impaction broaching technique using their Origin hip stem.  This new stem allows flexibility in hip arthroplasty that was previous unavailable in any stem using impaction broaching technique. It allows surgeons to adjust offset without changing neck angles or leg length so that we can better match the patient’s normal anatomy. This is just another example of Paxeon Reconstruction responding to surgeon needs in leading the way in total joint reconstruction innovation” said Dr. Kevin Pugh.

About Paxeon Reconstruction

Paxeon Reconstruction builds best-in-class orthopaedic products, including derivative and emerging products. We collaborate with hospitals, health systems and physicians to create alignment and utilization of value-based solutions combined with efficiency models for today’s changing healthcare environment. Paxeon Reconstruction offer the world’s most comprehensive portfolio of orthopaedic products and services for joint reconstruction. Paxeon Reconstruction has a celebrated clinical history, and has evolved to meet the needs of the changing orthopaedics marketplace. The history that weaves the fabric of the Paxeon Reconstruction is one that is rich with innovation and demonstrates sustained leadership in an ever-changing landscape of patient and professional needs.

 


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August 17, 2017 OrthoSpineNews

August 16, 2017 – AAOS

Washington, DC–Yesterday, the Centers for Medicare & Medicaid Services (CMS) announced a proposed rule that addresses significant concerns raised by the American Association of Orthopaedic Surgeons (AAOS) related to mandatory bundled payment programs. First, the proposed rule would reduce the number of mandatory geographic areas participating in the Center for Medicare and Medicaid Innovation’s Comprehensive Care for Joint Replacement (CJR) model from 67 to 34. In addition, the proposed rule would allow CJR participants in the 33 remaining areas to participate on a voluntary basis. CMS also proposes to make participation in the CJR model voluntary for ALL low volume and rural hospitals in all of the CJR geographic areas. Finally, CMS is proposing to cancel the Surgical Hip and Femur Fracture Treatment (SHFFT) payment model and others that were scheduled to begin on January 1, 2018.

AAOS commends CMS for this important proposal and, after further analyzing all details in the rule, AAOS will be submitting comments by the October 16 due date.

 

READ THE REST HERE

 


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August 17, 2017 OrthoSpineNews

CONN HASTINGS, MedGadget / August 9th, 2017

Scientists at UT Southwestern Medical Center have developed a new technique using high-frequency alternating magnetic fields to heat artificial joints in the body and destroy bacterial films on their surfaces.

Bacterial infections on artificial joints used in knee and hip replacements are a common and serious complication. The bacteria tend to form slimy films on the metal surfaces of the joints called biofilms, and they are difficult to treat using antibiotics.

Dr. David Greenberg, of UT Southwestern Medical Center, describes the solution the researchers developed. “We were looking for better ways to target and treat biofilms,” he says. “Our idea was to put a coil around the joint and run a current through it to create alternating magnetic fields. Human tissue isn’t conductive but metal is, so only the implant would heat up.” The principle is the same as that in induction cooktops, which use magnetic fields to heat metal pots for cooking.

 

READ THE REST HERE


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August 16, 2017 OrthoSpineNews

NEW DELHI, Aug 16 (Reuters) – India has capped prices of orthopaedic knee implants, in the country’s latest move to bring down prices of medical devices.

The introduction of price controls marks the latest step by Prime Minister Narendra Modi’s government to make drugs and medical devices more affordable. In February, it imposed a 75 percent price cut for certain heart stents – wire mesh tubes used to treat blocked arteries, which caused protests among manufacturers.

India’s drug pricing authority said on Wednesday that orthopaedic implants in India had unjustified, unreasonable and irrationally high trade margins, leading to exorbitant pricing.

Ananth Kumar, Minister of Chemicals and Fertilisers, told a news briefing the government had capped knee implant prices “in public interest.”

Kumar said the price of the widely used cobalt chromium knee implant, priced at up to 250,000 rupees ($3,895) at Indian hospitals, would now be capped at 54,720 rupees ($852).

 

READ THE REST HERE