Trans-Pacific Partnership: A Mixed Bag for NZ Patients

Published: Fri 6 Nov 2015 02:51 PM
Trans-Pacific Partnership: A Mixed Bag for New Zealand Patients
Medicines New Zealand believes that strong intellectual property protections are necessary for the discovery and development of new treatments and therapies for New Zealand patients, including innovative biologic medicines.
“The limitation placed on the term of data protection for biologics is disappointing as in some cases this is the only form of intellectual property protection available for innovative medicines” said Dr Graeme Jarvis, General Manager of Medicines New Zealand.
“However, we are pleased that as a result of TPP, PHARMAC will have to be more transparent and timely on its decision-making processes. This, we hope, may lead to patients getting more appropriate access to innovative medicines, as the current list still has products that have been waiting 8 years for final approval and funding.”
Medicines New Zealand is currently reviewing the recently released text of the Agreement to determine the full extent and impact of the provisions affecting the innovative medicines industry in New Zealand.
“It is however clear that the big issue raised by critics regarding the demise of PHARMAC has been significantly exaggerated”
“The industry looks forward to engaging with the agency in a proactive way to enhance its performance so that all New Zealand patients get benefit from access to innovative medicines in a more timely fashion.”

Next in Business, Science, and Tech

Industry plan could create a billion dollar gaming sector
By: New Zealand Game Developers Association
Government moves to protect elite soils
By: New Zealand Government
Calls for overhaul of gene-technology regulations
By: Royal Society Te Aparangi
Card spending dips in July
By: BusinessDesk
Govt takes more action to reduce waste
By: New Zealand Government
Fonterra Provides Update on Earnings
By: Fonterra
NZ gaming industry outlines plan for home-grown 'Angry Birds
By: BusinessDesk
Interactive media a game changer for digital economy
By: New Zealand Government
Potatoes vs people: govt moves to protect top vege-growing
By: BusinessDesk
New Zealand First Backs Plans to Protect Productive Land
By: New Zealand First Party
LGNZ cautious as government pits potatoes against houses
By: Local Government NZ
HortNZ welcomes safeguarding of country’s best growing soils
By: Horticulture NZ
Anti-housing rules to keep Kiwis locked out
By: New Zealand Taxpayers' Union
Productive farming land dug up for housing
Gene editing regulations – Expert Reaction
By: Science Media Centre
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media