Close X
Sunday, December 1, 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

    Burnaby RCMP Investigating Alleged Carjacking And Stabbing

    Burnaby RCMP Investigating Alleged Carjacking And Stabbing
    Just after midnight Burnaby RCMP received a report that a stabbing and carjacking had taken place in the 9000 block of Cardston Court.    

    Burnaby RCMP Investigating Alleged Carjacking And Stabbing

    Richmond Mounties Issue Warning Over Bike-Riding Thief

    Richmond Mounties Issue Warning Over Bike-Riding Thief
    Richmond RCMP are warning the community of two types of robberies that are currently under investigation.

    Richmond Mounties Issue Warning Over Bike-Riding Thief

    South Asian Male Who Allegedly Grabbed Teen On Burnaby Mountain Still At Large

    Just before 9 p.m., on Sunday July 14 2019 Burnaby RCMP responded to a report of an alleged assault that had taken place on a trail near the SFU campus.  

    South Asian Male Who Allegedly Grabbed Teen On Burnaby Mountain Still At Large

    Caregiver Benefit For Parents Of Ill Children Misunderstood, Federal Review Says

    Annual applications for the benefit have been well below the 6,000 anticipated when the previous Conservative government introduced it in 2013.

    Caregiver Benefit For Parents Of Ill Children Misunderstood, Federal Review Says

    B.C.'s Haig-Brown Conservation Award Goes To Calgary Resident Eric Hobson

    A Calgary man is the recipient of a high-profile conservation award in British Columbia.

    B.C.'s Haig-Brown Conservation Award Goes To Calgary Resident Eric Hobson

    U.S. Residents Visiting B.C. Help Save Drowning Man In North Vancouver

    U.S. Residents Visiting B.C. Help Save Drowning Man In North Vancouver
    VANCOUVER - Several Good Samaritans from the United States have saved a man from drowning in British Columbia.    

    U.S. Residents Visiting B.C. Help Save Drowning Man In North Vancouver