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Health Canada delays drug-pricing reforms, citing COVID challenges for manufacturers | iNFOnews

Adina Bresge Prescription pills are shown in Toronto, Nov. 5, 2017. Health Canada says it s delaying the implementation of long-awaited changes to Canada s drug-pricing regime by another six months.THE CANADIAN PRESS/Graeme Roy January 07, 2021 - 8:06 PM Health Canada says it s delaying its long-awaited overhaul of drug-pricing regulations by another six months. While pharmaceutical manufacturers and patient advocates welcomed the decision, they say the federal government needs to go back to the drawing board for Canada to stay competitive in the global marketplace for medical innovation. A Health Canada spokesman confirmed to The Canadian Press that the rollout of regulatory changes that would give Canada s drug-pricing watchdog sweeping new powers has been pushed from Jan. 1 to July 1.

Health Canada delays drug-pricing reforms, citing COVID challenges for manufacturers

Health Canada delays drug-pricing reforms, citing COVID challenges for manufacturers by The Canadian Press Last Updated Jan 7, 2021 at 11:44 am EDT Health Canada says it’s delaying the implementation of long-awaited changes to Canada’s drug-pricing regime by another six months. A spokesman for the department says the amendments to patented medicine regulations, which were set to take effect Jan. 1, will now come into force on July 1.  Geoffroy Legault-Thivierge says the postponement is intended to give pharmaceutical manufacturers more time to adjust to new reporting requirements while dealing with the challenges posed by the COVID-19 pandemic. The overhaul is set to recalibrate how the arm’s-length Patented Medicine Prices Review Board calculates fair prices for patented medicines.

Health Canada delays drug-pricing reforms

Health Canada says it s delaying its long-awaited overhaul of drug-pricing regulations by another six months. Prescription pills are shown in Toronto, Nov. 5, 2017. Health Canada says it s delaying the implementation of long-awaited changes to Canada s drug-pricing regime by another six months.THE CANADIAN PRESS/Graeme Roy Health Canada says it s delaying its long-awaited overhaul of drug-pricing regulations by another six months. While pharmaceutical manufacturers and patient advocates welcomed the decision, they say the federal government needs to go back to the drawing board for Canada to stay competitive in the global marketplace for medical innovation. A Health Canada spokesman confirmed to The Canadian Press that the rollout of regulatory changes that would give Canada s drug-pricing watchdog sweeping new powers has been pushed from Jan. 1 to July 1.

GUEST COMMENTARY: Trump s final act on drug prices put foreign IP thieves before American patients

Adam Mossoff More than any other president in recent memory, President Trump defended American innovators against attacks by foreign governments. But sadly, in one of his last moves as president, he put foreign price controls on U.S. drugs. The Trump administration just announced new regulations that change how Medicare pays for prescription drugs. Up until now, this massive government health insurer paid for drugs in a free market setting. But under President Trump s new regulations, Medicare payments will be set based on prices paid by a group of other industrialized countries. All these countries have price controls in their national health care systems.

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