What impacted sales in 2QFY23?
Dental material comes under the category of medical device and all medical devices have come under the Medical Device Regulation that is MDR. All medical devices manufacturers have to obtain manufacturing licenses from by 30th September 2022.
Prevest is the first Indian manufacturer of dental matenal that received the manufacturing license well within this speculative deadline as by the CDFCO. Now they can freely manufacture and export dental material. Export dispatches were held up after 20th September due to delay in issue of the manufacturing license and some of the orders due for September were rolled over to 3QFY23.
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