Home / Healthcare/ Sri Lanka Chamber of Medical Devices Industry hosts CEO Forum

Sri Lanka Chamber of Medical Devices Industry hosts CEO Forum


Comments / {{hitsCtrl.values.hits}} Views / Monday, 29 April 2019 00:00

Facebook

From left : Indika Rajakaruna, Niranjan Selvadurai, Pradeep Amarawardena, Eran Ranasinghe, S. Prabhu, Tilak Fernando, T. Sayandhan

Attendees at the CEO forum

The Sri Lanka Chamber of Medical Devices Industry hosted its inaugural CEO forum at the Hilton Colombo last week. The event was the first of its kind hosted by the Chamber, and attracted a distinguished audience, comprising of Chairmen, CEOs, Directors, General Managers and Heads of Divisions from both member and non-member companies. 

Stressing on the importance of the event, SLCMDI PR Committee Chairman and Sunshine Healthcare Lanka Ltd. CEO T. Sayandhan stated that the objective of the event was to update the industry heads on the ongoing works of the Chamber. He also spelt out the vision – a regulated, equal opportunity and ethical industry - and mission - Create meaningful solutions to the Medical Devices Industry in Sri Lanka - which the Chamber works towards since its inception.  

In his presentation on the chamber update, SLCMDI President and George Steuart Health Executive Director Eran Ranasinghe reiterated the key objectives set forth by the Chamber for the year 2019. Accordingly, this includes the effective implementation of Device Classification Guidelines and Regulations, implementation of dedicated SPC tender guidelines, and the implementation of Tax Exemption for registered medical devices.

Expressing the chamber viewpoint on the NMRA (National Medicines Regulatory Authority) Device Classification Guidelines and Regulations, Eran mentioned that, keeping in line with the GHTF (Global Harmonisation Task Force) principles, a risk-based classification system was considered and mutually adopted. The system is expected to be beneficial to both the NMRA and the industry. He also mentioned that the final draft of the guidelines is ready, and is expected to be implemented soon by the NMRA.

Eran went on to highlight the efforts taken by the Chamber in obtaining a price increase of (price) controlled medical devices. After many rounds of discussion with the authorities, it was learnt that a 14.45% price increase of intra ocular lenses, coronary stents, glucometer and glucometer strips was granted by the Ministry of Health.

The VAT waiver on registered medical devices was also discussed, where it was mentioned that the Chamber has appealed to the relevant authorities to provide a tax exemption for medical devices which are registered with the National Medicines Regulatory Authority. It was highlighted that provision of VAT exemption would provide significant benefit to patients, financially.

Other points of discussion included the dedicated tender guidelines for Medical Devices, a project commenced by the SLCMDI in 2015, overdue government debtors, Chamber ID cards and Chamber affiliation with the Ceylon Chamber of Commerce.

The presentation was followed by an in depth Q&A session between the SLCMDI subcommittee chairmen and the industry heads. 

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Religion is a problem in Sri Lanka; can it be a solution?

Saturday, 17 August 2019

Generally, it is expected that religion should be a solution to a problem. Ironically in Sri Lanka religion is the problem. Therefore, what would be the solution? When religion becomes a problem of a country....


Orthodoxy and change: A perennial Muslim issue

Saturday, 17 August 2019

Whether Muslims live as minorities in non-Muslim countries or as majorities in a total of fifty seven countries, the clash of orthodoxy with modern challenges is a perennial issue that bedevils progress on several fronts in these communities.


Making the MCC Compact work for Sri Lanka

Friday, 16 August 2019

It is a sign of these political times that even an apolitical issue like a foreign aid program becomes a hot topic in Sri Lanka. In April 2019, the Board of Directors of the Millennium Challenge Corporation (MCC) approved a compact program for Sri La


Sri Lanka needs a president hungry for success, not power

Friday, 16 August 2019

The late John F. Kennedy described politics as a “noble adventure, an adventure in which one joins hands with the masses for the service of man”. Not that the Kennedys didn’t play “politricks” in their heyday. But playing “politricks” w


Columnists More

Special Report

SPECIAL REPORT MORE