Canadian drug companies want new pricing regs delayed again until after pandemic

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Almost three dozen Canadian pharmaceutical companies made a direct appeal to Prime Minister Justin Trudeau last month to delay the new drug pricing regulations for a third time.

The companies, including all four of the drugmakers behind the COVID-19 vaccines being used in Canada now, want more time, and less pandemic distraction, to try and make their case to the Liberals that the regulations will do more harm than good.

It's estimated the changes could cut drug prices by $13 billion over the next 10 years, fulfilling the Liberal promise to make medicines more affordable to Canadians. "No Canadian should have to choose between paying for prescriptions and putting food on the table," said Aisling MacKnight. Pinnow said that goal is in jeopardy if the regulations go forward, because they are going to stifle private investment at a time when competition to grow life sciences industries is soaring.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They want to know how far they can go in ripping people off for the medicine they need. Big Pharma hosing the little people, who can barely afford their medicine.

The cost of drugs is largely due to government standing in front of progress. You wanna lower drug pricing start lying off all these people that make the process slow as dirt. Some of them making $800,000 plus per yr and have nothing to do with innovation. IE mRNA is 15 yrs old.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investor relations software company Q4 sets price range for $150-million IPOThe company is one of a slew of Canadian tech companies that have sought to tap public markets during the pandemic
Source: globeandmail - 🏆 5. / 92 Read more »