J&J suffers setback over heart-stent price cap in U.K.

07/23/2008 | Bloomberg

The British National Institute for Health and Clinical Excellence has denied an appeal from Johnson & Johnson's Cordis unit against a ruling that limits the price of drug-coated stents to no more than $599 above the cost of bare-metal stents. Drug-eluting devices "will continue to be an important treatment option for patients who would be at high risk of requiring further interventions if a bare-metal stent was used instead," NICE CEO Andrew Dillon said.

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