Ahead of Modi visit, U.S. lawmakers ask India to rethink price cap on stents


  • World
  • Monday, 19 Jun 2017

FILE PHOTO: A worker waters plants next to an advertisement billboard of Abbott in Mumbai, India, November 12, 2015. REUTERS/Danish Siddiqui/File photo

NEW DELHI (Reuters) - A group of U.S. lawmakers has backed medical device makers by urging India to reconsider its decision to cap prices of heart stents, raising the issue ahead of Prime Minister Narendra Modi's visit to the United States later this week.

In a letter sent to the Indian ambassador to Washington last month, and seen by Reuters, 18 members of Congress said they were "troubled" by the price cap, warning that it could deter firms from launching new medical products in India.

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