DeFi Daily News
Tuesday, June 17, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

New Regulation Requires Medical Device Complaint Resolutions in 90 Days

Business Standard by Business Standard
September 7, 2024
in Business Finance
0 0
0
New Regulation Requires Medical Device Complaint Resolutions in 90 Days
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

The code also entails complete disclosure of particulars related to the distribution of evaluation samples.

3 min read Last Updated: Sep 07, 2024 | 5:13 PM IST

In a landmark decision aiming to overhaul the marketing practices within the medical devices industry, the Indian government has introduced a comprehensive set of rules known as the Uniform Code for Marketing Practices in Medical Devices (UCMPMD) 2024. This move is tailored to curb unethical marketing tactics that have marred the industry for years, ensuring a transparent and honest interaction between medical device companies, healthcare professionals, and ultimately, the beneficiaries—patients.

The newly notified UCMPMD mandates the formation of Ethics Committees by medical devices associations. These committees, consisting of three to five members including the chief executive officer (CEO) as the chairperson, are tasked with the responsibility of adjudicating complaints concerning violations of the code. Significantly, the committees are expected to deliver their verdicts within 90 days of receiving a complaint, highlighting the emphasis on efficiency and swift justice.

The directives, explicitly detailed in the notification dated September 6, 2024, by the Department of Pharmaceuticals (DoP), stem from a need to protect healthcare personnel from undue influence. Consequently, the code strictly prohibits medical representatives and medical device companies from employing any form of inducement or deceit to sway healthcare professionals. This includes a ban on offering gifts, monetary rewards, and lavish hospitality, like foreign trips to both healthcare personnel and their relatives.

The essence of the UCMPMD lies in its commitment to eradicating conflicts of interest, ensuring that choices concerning medical devices are made purely on merit, and not swayed by any underhand inducements. This principled stand is expected to foster an environment where the best interests of patients are always the top priority.

Adding to its holistic approach, the UCMPMD also mandates a full disclosure of information regarding the distribution of evaluation samples—devices provided to healthcare professionals to gain hands-on experience. Moreover, details of expenses incurred on continuing medical education (CME), along with participation in conferences, workshops, and seminars, must be disclosed. This disclosure process is not a one-off but requires ongoing updates, culminating in a mandatory submission within two months of the financial year’s close on the UCPMP portal, as detailed within the DoP notification.

The repercussions for breaching the UCMPMD are severe, underscoring the code’s commitment to integrity. Entities found in violation may face suspension or expulsion from their medical device association, alongside public reprimands. Additionally, there’s the mandate for violators to recover and return any money or gifts given in breach of the code, ensuring accountability.

Industry experts have heralded the new norms as a significant step toward imposing stringent guidelines on promotional activities within the medical devices sector. The rules aim to ensure transparency, shield healthcare personnel from deceptive practices, and, most importantly, safeguard patients from being unduly influenced by unethical marketing practices.

As the medical devices industry embarks on this new ethical journey, the overarching aim is to cultivate a culture where decisions are driven by quality and the best interest of patient care. The UCMPMD 2024 signifies a decisive shift towards more ethical marketing, promising a future where trust and transparency are the foundations of interactions within the medical devices sector.

In conclusion, the institution of the UCMPMD is a clarion call for medical device companies and healthcare professionals alike to adhere to the highest standards of ethics and integrity. It’s a move that not only aims to cleanse the industry of its malpractices but also to restore faith in the medical devices sector as one that operates with honesty, accountability, and, above all, a steadfast commitment to patient care. As we navigate these new regulations, the hope is that the medical devices industry will emerge stronger, more transparent, and more ethical, ultimately leading to better health outcomes for all.

For more trending news articles like this, visit DeFi Daily News.

First Published: Sep 07, 2024 | 5:13 PM IST



Source link

Tags: ComplaintdaysDeviceMedicalRegulationRequiresResolutions
ShareTweetShare
Previous Post

Can Cardano (ADA) Price Surge 10X Against Bitcoin (BTC)? Comprehensive Analysis | Bitcoinist.com

Next Post

The Benefits of Investing in Clean Air: Saving Lives and Fighting Climate Change

Next Post
The Benefits of Investing in Clean Air: Saving Lives and Fighting Climate Change

The Benefits of Investing in Clean Air: Saving Lives and Fighting Climate Change

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Configuring Web3j for Android Development

Configuring Web3j for Android Development

July 24, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

July 24, 2024
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
rewrite this title with good SEO Michael Saylor Explains Why Microsoft Should Buy Bitcoin

rewrite this title with good SEO Michael Saylor Explains Why Microsoft Should Buy Bitcoin

May 6, 2025
rewrite this title Anne Burrell's Final Instagram Post Before Her Unexpected Death Was Joyful

rewrite this title Anne Burrell's Final Instagram Post Before Her Unexpected Death Was Joyful

June 17, 2025
rewrite this title Senate Passes Landmark Stablecoin Bill in Major Boon for Crypto Industry – Decrypt

rewrite this title Senate Passes Landmark Stablecoin Bill in Major Boon for Crypto Industry – Decrypt

June 17, 2025
rewrite this title JPMorgan Unveils Its U.S. Dollar-backed JPMD Stablecoin on Ethereum’s Base

rewrite this title JPMorgan Unveils Its U.S. Dollar-backed JPMD Stablecoin on Ethereum’s Base

June 17, 2025
rewrite this title OpenAI’s 0M DoD contract could squeeze frenemy Microsoft | TechCrunch

rewrite this title OpenAI’s $200M DoD contract could squeeze frenemy Microsoft | TechCrunch

June 17, 2025
rewrite this title Allison Holker Flaunts HUGE Breast Implants In Pics With New CEO Boyfriend! Look! – Perez Hilton

rewrite this title Allison Holker Flaunts HUGE Breast Implants In Pics With New CEO Boyfriend! Look! – Perez Hilton

June 17, 2025
rewrite this title Huijsen excited to get to work under Alonso as Mbappe misses training – Soccer News

rewrite this title Huijsen excited to get to work under Alonso as Mbappe misses training – Soccer News

June 17, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.