Drug Price Control Order (DPCO) is an order which is issued by the central government under Essential Commodities Act, 1955. This order enables Central Government to regulate the prices of all medical devices by fixing, revising, monitoring and thereby controlling the prices to keep them at reasonable levels. In this video, we will explain the pricing related compliances that the manufacturers and importers of medical devices have to comply with and in the subsequent videos of the series, we will discuss the process of filing the price related information on the dedicated online portal (IPDMS) and restrictions on price increase of medical devices.
Evolution of the regulatory framework of medical devices
In this short video, we discuss the evolution of framework of medical devices – from Drugs and Cosmetics Act, 1940 to Medical Devices Rules, 2017.