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

    Teams From India, Croatia, Canada Set To Wow Fireworks Fans In Vancouver

    Vancouver's 29th annual fireworks extravaganza is set to showcase the pyrotechnical skills of India, Croatia and Canada as the three countries light up the sky this summer.

    Teams From India, Croatia, Canada Set To Wow Fireworks Fans In Vancouver

    Second-Degree Murder Charge Laid Against Surrey, B.C., Man In February Slaying

    Second-Degree Murder Charge Laid Against Surrey, B.C., Man In February Slaying
    A statement from the Integrated Homicide Investigation Team says 26-year-old Pee Lee Pi of Surrey was arrested July 12 and charged with the second-degree murder of 68-year-old Tee Bor.

    Second-Degree Murder Charge Laid Against Surrey, B.C., Man In February Slaying

    Tories Ask CSIS To Probe Ex-ambassador's Comments About Advice To China

    OTTAWA - Conservative MPs want Canada's intelligence agency to probe whether a former Canadian ambassador is encouraging China to interfere in the upcoming federal election.    

    Tories Ask CSIS To Probe Ex-ambassador's Comments About Advice To China

    Hot Food, BBQs, Banned In B.C. Park As Momma Bear Sniffs Out Picnics

    Hot Food, BBQs, Banned In B.C. Park As Momma Bear Sniffs Out Picnics
    Effective immediately, all hot food and any type of cooking or barbecuing is banned in Coquitlam's Mundy Park.

    Hot Food, BBQs, Banned In B.C. Park As Momma Bear Sniffs Out Picnics

    Timeline: The Wrongful Murder Conviction Of Glen Assoun Of Halifax

    Timeline: The Wrongful Murder Conviction Of Glen Assoun Of Halifax
     Nov. 12, 1995: Brenda Way — known as "Pitt Bull" — was murdered and her body left in a parking lot behind a Dartmouth apartment building sometime in the early morning hours.

    Timeline: The Wrongful Murder Conviction Of Glen Assoun Of Halifax

    Trudeau Visits Alberta Pipeline Site, Says National Unity Is Not Under Threat

    Trudeau Visits Alberta Pipeline Site, Says National Unity Is Not Under Threat
    EDMONTON - Prime Minister Justin Trudeau is dismissing claims by conservative politicians that national unity is under threat.

    Trudeau Visits Alberta Pipeline Site, Says National Unity Is Not Under Threat