Canada Releases Proposed Amendments To Regulations Governing Patented Medicines Pricing

On December 2, 2017 Canada's Governor-in-Council published proposed Regulations Amending the Patented Medicines Regulations ("the proposed Regulations"). The 75-day consultation period ends February 15, 2018. The proposed coming into force date is January 1, 2019. This follows the release of a consultation document in May 2017 (see our articles here and here).

The proposed Regulations represent a significant overhaul to the Patented Medicines Regulations and are estimated by Health Canada to result in savings of $12.6 billion net present value over 10 years. While still yet to be adopted, in order to be prepared, companies should be factoring these potential changes into their business planning now.