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Policy● Neutral for Indian equities
Karnataka flags 52x mark-up on cancer drugs, seeks Centre's intervention
The brief
- Karnataka inspections found cancer-drug mark-ups of up to 52 times and prompted a request for Centre intervention
- Inspections revealed significant price disparities between hospital procurement and patient billing for cancer drugs and medical devices
- Drug-pricing intervention could affect Indian pharmaceutical companies and hospital operators
- Hospital stocks extend losses as drug-pricing regulation concerns linger; Apollo, Max among top Nifty losers
- Hospital stocks sell-off a buying opportunity or a risk? Here is what analysts advice
- Could Apollo, Fortis, Max Health Face A Profit Hit From Medicine Price Curbs? Jefferies, BofA, Macquarie Weigh In
- Supreme Court flags hospital cancer-drug markups; hospital stocks lose $2.6 billion
- SC questions hospital drug mark-ups; hospital stocks fall up to 7%