Pharmaceutical Prices in the 21st Century by Zaheer-Ud-Din Babar

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By Zaheer-Ud-Din Babar

This booklet presents an outline of the worldwide pharmaceutical pricing regulations. drugs use is expanding globally with the rise in resistant microbes, emergence of latest remedies, and due to understanding between shoppers. This has ended in elevated drug expenses globally. because the pharmaceutical industry is increasing, a number of pharmaceutical pricing thoughts and regulations were hired by way of drug businesses, nation corporations and pharmaceutical pricing authorities.

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Average rebates have been estimated to be 40 % and may be as high as 80 % for individual generic products (Competition Bureau Canada 2007). 47 Source: Patented Medicine Prices Review Board (2010) 36 J. Lexchin of interchangeable drugs. With a maximum reimbursable cost approach the plans obtain the cost of the generic from the manufacturer and use that cost to determine an appropriate formulary price (Bell et al. 2010). In recent years provincial plans have significantly decreased what they will pay for generic drugs.

1 Pharmaceutical Pricing Policies in Australia 19 Australian Government, Department of Health (2014f) Pharmaceutical Benefits Scheme (PBS) growth hormone programme. au/info/browse/section-100/growth-hor mone-programme. Accessed 19 Sept 2014 Australian Government, Department of Health (2014g) Pharmacy location rules. Applicant’s handbook. 1, March 2014. pdf. Accessed 13 Sept 2014 Australian Government, Department of Health (2014h) Price disclosure (SPD). pbs. au/info/industry/pricing/price-disclosure-spd.

Statistics Canada. htm. Accessed 8 May 2014 Stevenson H (2011) An end to blank cheques: getting more value out of employer drug plans. Reformulary Group, Toronto Sutherland J, Crump R, Repin N, Hellsten E (2013) Paying for hospital services: a hard look at the options. Commentary No. 378. Toronto Tierney M, Manns B (2008) Optimizing the use of prescription drugs in Canada through the Common Drug Review. CMAJ 178:432–435 Chapter 3 Pharmaceutical Pricing Policies in China Yu Fang Abstract This chapter describes China’s drug pricing system, which affects the overall health system, pharmaceutical industry, and drug price setting and regulation.

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