The Patented Medicine Prices Review Board (PMPRB) has launched a 60-day consultation period with stakeholders and members of the public on its new draft guidelines.
Canadians are invited to submit their views on how to bring down the costs of excessively priced patented medicines.
The deadline for providing written submissions to PMPRB.Consultations.CEPMB@pmprb-cepmb.gc.ca is January 20, 2020. The PMPRB consultation plan also provides for multiple feedback opportunities and formats. Full details are available on the PMPRB’s website.
This consultation follows Health Canada’s recent amendments to the Patented Medicines Regulations, which strengthen and modernize Canada’s pricing framework for patented drugs so that the PMPRB can better protect Canadian consumers from excessive prices in an era marked by increasingly high cost drugs, said a media release.
The guidelines explain the steps taken by PMPRB in assessing whether a patented drug appears to be priced excessively in Canada. It also explains what information patent-holding pharmaceutical companies must provide to the PMPRB to enable it to make that assessment.
“The PMPRB is committed to hearing from Canadians on how it can continue to ensure they are protected from excessively priced patented drugs and looks forward to receiving constructive and meaningful feedback on the proposed changes to its Guidelines,” said Dr. Mitchell Levine, Chairperson, PMPRB
Quick Facts
- On August 9, 2019, Health Canada announced amendments to the Patented Medicines Regulations which will come into force on July 1, 2020.
- Major changes to the PMPRB’s Guidelines are necessary to implement the regulatory amendments.
- The PMPRB ensures that prices charged by pharmaceutical companies for patented drugs sold in Canada are not excessive.
- The PMPRB also reports on pharmaceutical trends and R&D spending by pharmaceutical patentees.