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Abbott and Medtronic withdraw pricey stents from Indian market

Apr. 25, 2017 10:12 AM ETAbbott Laboratories (ABT) StockABT, MDTBy: Douglas W. House, SA News Editor5 Comments
  • Price caps imposed by the Indian National Pharmaceutical Pricing Authority prompts Abbott (ABT +0.2%) to file to remove its Absorb and Alpine stents from the market. Medtronic (MDT +1.1%) has done the same regarding its Resolute Onyx.
  • The Indian regulator has also set limits on trade margins, discounts and other promotions used to sell higher-end products.

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