Contents1 What is the News?2 What is the Scheme for Promotion of Medical Device Parks?3 Objectives of the Scheme4 Other Features of the Scheme What is the News? The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has notified the Scheme for “Promotion of Medical Device Parks”. What is the Scheme for Promotion of Medical… Continue reading Scheme for “Promotion of Medical Device Parks”, a key initiative to support the medical devices, notified
Tag: Medical devices
Medical devices now under Drugs and Cosmetics Act
News: Ministry of health and family welfare said in a notification, that from 1st April 2020, all medical devices sold in the country would be treated as drugs and would be regulated under the Drugs and Cosmetics Act of 1940. The decision was taken after consultation with the Drugs Technical Advisory Board (DTAB) Facts: Significance:… Continue reading Medical devices now under Drugs and Cosmetics Act
Price controls hurting FDI in medical devices sector
According to the data released by the Department for Promotion of Industry and Internal Trade,Foreign Direct Investment (FDI) in the medical devices sector has decreased from $439 million in 2016 to $66 million in 2018. The decrease in FDI has been attributed to the implementation of price controls in the medical devices.Further,the inflows has decreased… Continue reading Price controls hurting FDI in medical devices sector
Drug advisory board proposes stringent norms for medical devices
Drugs Technical Advisory Board (DTAB) has recommended that the Centre should include all medical devices in the country under the Drugs and Cosmetics Act,1940 in a phased manner.Currently,the government regulates 27 notified medical devices under the law. Recommendations of DTAB to the Government are binding in nature.The Health Ministry will now be required to issue… Continue reading Drug advisory board proposes stringent norms for medical devices
Medical devices to be treated as drugs
The Health Ministry has announced certain medical devices such as all implantable devices, CT / PET / MRI equipments, dialysis machines, will be now treated as a “drugs” as defined in Drugs and Cosmetics Act with effect from 1st April 2020. Drug & Cosmetics Act, 1940 regulates the import, manufacture and distribution of drugs in… Continue reading Medical devices to be treated as drugs
