Japan’s drug regulatory system experienced several changes designed to open up the market and encourage the development of novel products, and the positive shift seems set to continue in 2024.
Japan Review/Outlook: Pricing Tweaks Considered After Year Of Change
After a year of revising and opening up its regulations for new drugs in 2023, Japan is aiming to add more reimbursement pricing premiums for innovative medicines in 2024, while cautiously discussing other detailed revisions to regulations and the pricing system.
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Amid ongoing generic drug supply problems, Japan's government is to set up a new fund to support corporate investments geared towards manufacturing and consolidation.
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A plan to reduce benefits under Japan's financial safety net for patients contributing to the costs of their long-term medical care is being reconsidered by the government following protests from patient and doctor groups.
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