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Contentious Pricing Mechanism Adopted In Canada But Only For ‘A Brief Period’

 
• By Neena Brizmohun

Drug companies are unhappy about a new median price test and the exclusion of the Consumer Price Index in the amended interim guidance from the Patented Medicine Prices Review Board

The PMPRB's mandate is to ensure that medicine prices are not excessive in Canada • Source: Shutterstock

Canada’s Patented Medicine Prices Review Board (PMPRB) has adopted an amended interim guidance that includes a controversial pricing mechanism, but has said the guidance would only apply for “a brief period.” The PMPRB is planning to launch a consultation soon about new guidelines, which it said it would approach “with a fresh and open mind.”

The PMPRB, whose mandate is to ensure that medicine prices are not excessive, announced the move on 27 September, after...

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