Thursday, September 21, 2023
No Result
View All Result
  • Media
Support Us
Macdonald-Laurier Institute
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video
No Result
View All Result
Macdonald-Laurier Institute

New Federal Regulations to Reduce Drug Prices Will Only Hinder Innovation: New MLI Paper by Nigel Rawson and John Adams

June 3, 2021
in Domestic Policy Program, Health, Health care - papers, Innovation, Latest News, Papers, Releases
Reading Time: 3 mins read
A A

OTTAWA, ON (June 3, 2021): The COVID-19 pandemic has unmasked a dangerous lack of investment in pharmaceutical and vaccine research, development, and manufacturing in Canada. Despite the Liberal government’s attempts to repair this damage and “re-establish” Canada as a leader in drug and vaccine production, new federal regulations risk hindering innovation.

In a new MLI paper titled, “More than a dose of collaboration: What Ottawa should do if it wants drugs and vaccines to be made in Canada and benefit patients,” authors Nigel Rawson and John Adams delve into how proposed federal regulations designed to slash drug prices would not only be unsustainable, but would further thwart innovation in the already-beleaguered Canadian biopharmaceutical sector.

If the pharmaceutical industry is forced to take another hit, it would damage Canada’s capacity to develop and gain access to new medicines, such as vaccines and rare disease treatments. As Rawson and Adams write, “significantly reducing drug prices might save money for government drug plans, but it will be at the expense of patients suffering without their health needs being met and dying prematurely.”

Changes to the Patented Medicine Prices Review Board (PMPRB) are planned to take legal effect in July 2021. This little-known tribunal sets price ceilings for patented medicines, and new regulations would see price drops of up to 60 percent for some drugs. Not only is this unsustainable, but it will further deter developers from launching new medicines in Canada.

Innovative biopharmaceutical companies will face an increase in the many existing barriers that governments use to reduce their costs at the expense of investment and access to new drugs.  These barriers include the lack of globally competitive intellectual property protection for innovative medicines, and inhospitable government-controlled health technology assessment and price negotiation organizations.

The imminent regulations have already chilled the landscape for manufacturer-funded late-stage clinical trials and new drugs in Canada. This could mean some drug developers will see Canada as a less viable market and therefore leave the country, while others may downsize their Canadian investment.

“Officials in Ottawa have blithely and falsely denied the negative impact of the new PMPRB regulations,” argue Rawson and Adams.

Instead of further damaging the sector through price controls, the authors propose a less antagonistic and more collaborative approach between Ottawa and the innovative biopharmaceutical industry. This would have the potential to deliver significant value, not only to the health care system, but to the economy overall. Canadians will also gain earlier access to new medicines, vaccines, and biopharmaceutical therapies, which is a crucial priority for both COVID-19 vaccines and patients more broadly.

According to Rawson and Adams, “if Ottawa is serious about stimulating biopharmaceutical research and manufacturing to establish Canada as a leader in drug and vaccine development and production, it must do much more to create a constructive working relationship with drug and vaccine developers to build a secure domestic industry.”

To read the report, click the button below.

***
Dr. Nigel Rawson is a pharmacoepidemiologist and pharmaceutical policy researcher in Saskatoon.

John Adams is a seasoned management consultant with a current focus on advocacy for unmet patient health needs.

For more information, media are invited to contact:

Brett Byers
Communications and Digital Media Manager
613-482-8327 x105
brett.byers@macdonaldlaurier.ca

Share this:
Tags: Drug Priceshealth careHealth PolicyinnovationJohn AdamsNigel Rawson
Previous Post

Webinar Panel Video: Securing Cyberspace – How we can protect against digital threats to a free and open Indo-Pacific

Next Post

Quebec gets the constitution right (on drug price control): Richard Owens in the Financial Post

Related Posts

Canada’s accusation against India: Jonathan Berkshire Miller on CBC News’ About That
Video

Canada’s accusation against India: Jonathan Berkshire Miller on CBC News’ About That

September 20, 2023
The First Taste of Revolution is the Sweetest: Joseph Hudson for Inside Policy
Columns

Woke wolves dominate the culture war ecosystem — for now: Bruce Pardy in the National Post

September 20, 2023
Leaked union call reveals details of parental rights counterprotest: Stuart Parker for Inside Policy
Inside Policy

Leaked union call reveals details of parental rights counterprotest: Stuart Parker for Inside Policy

September 19, 2023
Next Post
Canada’s New Rules Aiming to Cut Drug Prices May Penalize Consumers: Richard Owens in the Epoch Times

Quebec gets the constitution right (on drug price control): Richard Owens in the Financial Post

Newsletter Signup

Follow us on

Macdonald-Laurier Institute

323 Chapel Street, Suite #300
Ottawa, Ontario, K1N 7Z2 Canada

613.482.8327

info@macdonaldlaurier.ca
MLI directory

Support Us

Support the Macdonald-Laurier Institute to help ensure that Canada is one of the best governed countries in the world. Click below to learn more or become a sponsor.

Support Us

  • Inside Policy Magazine
  • Annual Reports
  • Jobs
  • Privacy Policy

© 2021 Macdonald-Laurier Institute. All Rights reserved.

No Result
View All Result
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video

© 2021 Macdonald-Laurier Institute. All Rights reserved.

IDEAS CHANGE THE WORLD!Have the latest Canadian thought leadership delivered straight to your inbox.
First Name
Last Name
Email address

No thanks, I’m not interested.