Close X
Sunday, November 24, 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

    Stabbing In Brookswood Area Of Langley

    Stabbing In Brookswood Area Of Langley
    Langley RCMP investigators are following up this morning after a male was stabbed in the Brookswood area of Langley.

    Stabbing In Brookswood Area Of Langley

    Documents Show Liberals Warned Of Political Perils From Launching EI Review

    Documents Show Liberals Warned Of Political Perils From Launching EI Review
    Prime Minister Justin Trudeau had asked one of his senior ministers to conduct a sweeping review of the social safety net program to come up with ways to adapt EI to changing labour force demands.

    Documents Show Liberals Warned Of Political Perils From Launching EI Review

    Loblaws Off The Hook For Rana Plaza Disaster; Bangladeshi Lawsuit Fails

    TORONTO - One of the country's largest retailers is finally off the hook for the devastating collapse of a garment factory in Bangladesh six years ago.

    Loblaws Off The Hook For Rana Plaza Disaster; Bangladeshi Lawsuit Fails

    More Crews Sent To B.C.'s Southern Okanagan Wildfire As Weather Shift Possible

    More Crews Sent To B.C.'s Southern Okanagan Wildfire As Weather Shift Possible
    The added staff bolsters a crew of 100 that has been working around the clock on the blaze which broke out Sunday.

    More Crews Sent To B.C.'s Southern Okanagan Wildfire As Weather Shift Possible

    Canadian Food Supplies At Risk If Climate Change Not Slowed, New UN Report Shows

    Canadian Food Supplies At Risk If Climate Change Not Slowed, New UN Report Shows
    OTTAWA - Canada will not be spared the impact of food shortages and price shocks if global warming is not kept below 2 degrees Celsius, a new report suggests.

    Canadian Food Supplies At Risk If Climate Change Not Slowed, New UN Report Shows

    Northern Manitoba Community Searching For Answers After Massive Manhunt Ends

    The deputy mayor of a northern Manitoba community at the centre of a massive manhunt says it will be a long time before things return to normal.

    Northern Manitoba Community Searching For Answers After Massive Manhunt Ends