Canada's new drug price rules pushed to next year - (CBC News via NewsPoints Desk)

  • Canada's Patented Medicine Prices Review Board said regulations aimed at lowering drug costs would come into effect in January of next year instead of next month, as reported by CBC News.

  • According to the news source, the delay comes after the agency received "extensive feedback on its proposed rules."

  • Under proposed new rules, Canadian drug prices would be based on those from a group of countries with lower prices than the benchmark group currently used to set price ceilings.

  • They would also give regulators the power to review new medicines based on cost effectiveness.

  • The drug pricing agency said earlier this week that it would publish a new draft of the regulations later in June.

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