The national pharmaceutical regulator NPPA has exempted a new coronary stent developed by Meril Life Sciences from price control for five years under a provision of the Drug Price Control Order 2013.
The company has got an exemption for its product MeRes100TM BRS - Sirolimus-eluting bioabsorbable vascular scaffold system from the National Pharmaceutical Pricing Authority (NPPA), Meril Life Sciences said in a statement. The company said it will start commercial production of the stent in a couple of months.
After much deliberation, "the authority decided that exemption may be granted to Meril Life Sciences Pvt Ltd under para 32 (ii) of DPCO 2013 for their coronary stents 'MeRes 100 - Sirolimus-eluting bioabsorbable vascular scaffold system' as per the recommendation made by the multidisciplinary committee of experts," the NPPA said in minutes of its meeting.
The authority also directed the Drug Controller General of India (DCGI) to ensure close safety monitoring of the coronary stents that have been exempted in public interest, as per the minutes of the meeting held on February 25, 2020.
The government had in 2017 had slashed the prices of life-saving coronary stents by up to 85 percent.
Meril Life Sciences Corporate Strategy VP Sanjeev Bhatt told PTI: "The positive decision by NPPA confirming non-applicability of DPCO 2013 under Para 32 for MeRes100 BRS, made the post an exhaustive multi-stakeholder review, demonstrates the commitment of the Indian Government to encourage not only 'Make in India', but also Research in India."
An extensively researched innovation, MeRes100 BRS is backed by three-year efficacy and safety clinical trial data, and has received eight patents worldwide, he added.
"We are committed to introducing MeRes100 BRS in India and the world responsibly by undertaking a range of measures to ensure effective access and right use, including conducting a 2,000-patient large scale randomized study, building 1,000-patient Indian and global patient registries and ongoing education of interventional cardiologists," Bhatt said.
Under para 32 (ii) of the DPCO 2013, the provisions of DPCO 2013 order shall not apply to "a manufacturer producing a new drug in the country by a new process developed through indigenous Research and Development and patented under the Indian Patent Act, 1970 (39 of 1970) (process patent) for a period of five years from the date of the commencement of its commercial production in the country."