Close X
Thursday, December 12, 2024
ADVT 
National

Fear Mounting That Changes To Drug Pricing In Canada Could Stifle Innovation

Darpan News Desk The Canadian Press, 22 Aug, 2019 08:38 PM

    OTTAWA - Canadian patients and groups that advocate on their behalf are sounding the alarm about the federal government's recent changes to the way it regulates the cost of patented medicines.

     

    Toronto lawyer and longtime Liberal supporter Chris MacLeod, who lives with cystic fibrosis, says it pains him to speak out against the government but he fears lives could be on the line as a result of the changes.

     

    Health Canada recently finalized long-awaited amendments, which include providing the Patented Medicines Prices Review Board with the market price of medicines rather than an inflated list price.

     

    The department says the board can then consider whether the drug price actually reflects the value it has for patients.

     

    MacLeod, however, fears the regulations will ultimately drive the list prices down to the point where drug companies will not seek to bring new, game-changing medicines to Canada.

     

    The Canadian Organization for Rare Disorders shares MacLeod's concern, adding that while everyone wants to have access to medications at affordable prices, it risks making new therapies less available.

    MORE National ARTICLES

    SNC-Lavalin delays jury decision in corruption trial until June 28

    SNC-Lavalin delays jury decision in corruption trial until June 28
    Last week a Quebec judge ruled there is enough evidence to send SNC-Lavalin to trial over charges of fraud and corruption, prompting a further tumble in the beleaguered firm's share price.    

    SNC-Lavalin delays jury decision in corruption trial until June 28

    Inuit plan says climate change can't be separated from social issues

    The Arctic is warming twice as quickly as the rest of the planet and that means the Inuit need their own plan to deal with it

    Inuit plan says climate change can't be separated from social issues

    Senators reject chance to immediately kill tanker ban but bill not safe yet

    Senators voted 53-38 to reject a committee report that recommended that Bill C-48 be scrapped; one senator abstained.

    Senators reject chance to immediately kill tanker ban but bill not safe yet

    Documents show federal push for infrastructure bank to back Via project

    The rail company wants to build a multibillion-dollar new network of dedicated passenger-rail lines in Ontario and Quebec

    Documents show federal push for infrastructure bank to back Via project

    Cabinet docs detail Mulroney challenges on China after Tiananmen Square massacre

    The big question for the Canadian Progressive Conservative government of the day was: what do we do about China now?

    Cabinet docs detail Mulroney challenges on China after Tiananmen Square massacre

    Raptors fans risk ridicule to cheer team deep in Golden State Warriors territory

    Toronto Raptors fan Raj Singh Ghuman can't help but release a boisterous cheer as his car — bedecked with a Raptors flag — passes another vehicle with Ontario plates on the approach to the Golden Gate Bridge, deep in Golden State Warriors territory.

    Raptors fans risk ridicule to cheer team deep in Golden State Warriors territory