Maha minister calls 2,800% pharma profits 'blunder', promises probe after Munde flags issue

Maharashtra Minister Chandrashekhar Bawankule called 2800% profit margins on common medical devices a "blunder" and promised a probe into the matter. "This is playing with the lives of patients," he stated. Notably, a survey conducted by Tukaram Munde-led Food and Drug Administration (FDA) flagged disparities between procurement costs and printed maximum retail prices (MRPs) of medical devices.