This translation has been automatically generated and has not been verified for accuracy.The federal government has unveiled its long-awaited overhaul of the country’s drug-pricing regulations with a new framework that the Liberals say will save Canadians billions over the next decade.
Federal Health Minister Ginette Petitpas Taylor said the changes will allow the review board to set a proper ceiling on drug prices. Under the new system, Canada will compare itself to 11 other countries when it comes to setting maximum drug prices for patented drugs, including France, Germany, Italy and the new additions of Japan, Spain, Norway, Australia, Belgium and the Netherlands.
The PMPRB was created in 1987 to prevent drug companies from charging excessive prices. But experts have long complained that the agency didn’t have the proper teeth to fulfill its mandate, which meant Canadians pay some of the highest prices in the world for patented medications.
globepolitics They will need to address export limits...