OTTAWA, Dec. 1, 2017 /CNW/ - Prescription drugs are an important part of Canada's health
Today, the Government of Canada published in the Canada Gazette, Part I, proposed changes to the Patented Medicines Regulations, representing the first major update to the regulations in more than 20 years. These proposed amendments to the Regulations are intended to provide the Patented Medicine Prices Review Board (PMPRB) with the tools it needs to better protect Canadian consumers from the high prices of patented drugs. Interested parties are invited to provide comments on the proposal within 75 days of publication (February 14).
The proposed regulations include a revised list of countries against which Canada's patented drug prices would be compared, and the introduction of new regulatory factors that the PMPRB would take into consideration when assessing whether a patented drug price is excessive. Changes to these regulations will lower prices for public drug plans and, ultimately, for Canadians.
For example, under the current Regulations, drug companies are required to report on only the direct price reductions they offer to Canadian customers at the first point of sale such as wholesalers and pharmacy chains. The amendments would require reporting on all price reductions, so that the PMPRB can take all reductions into consideration when setting price ceilings and monitoring compliance.
Through these amendments the Government of Canada is taking steps to ensure that Canadians will have access to and be able to afford medicines that are necessary for their health and well-being.
"Our government is committed to improving the affordability of patented prescription drugs that Canadians rely upon for their health and well-being. The proposed regulations published today advance our work with our provincial and territorial partners to ensure Canadians have access to the medicines they need."
The Honourable Ginette Petitpas TaylorMinister of Health
Government of Canada: Action on prescription drugsBackgrounder: Improving affordability, accessibility and appropriate use of prescription drugs in CanadaConsultation on Patented Medicines Regulations amendmentsPatented Medicines RegulationsPatented Medicine Prices Review Board
SOURCE Health Canada
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