In this section, you will find new information and key facts on various aspects of Canada’s research-based pharmaceutical industry.
Canada’s Research-Based Pharmaceutical Companies (Rx&D) is pleased to publish the 2015 edition of our annual report comparing coverage for new medicines under public drug plans in Canada and other countries. Since 2006 Rx&D has been examining access to new medicines in a global context in order to gauge the performance of this aspect of Canada’s health system. The findings of our report provide important information that has practical implications for the health of Canadians.
Learn more about Canada’s Research-Based
Pharmaceutical Companies (Rx&D) through its Report to Canadians. Through
this publication, we hope to let you know who we are, why we do what we do, how
we do it, and how passionate we are about helping Canadians live longer, and
“An informed patient is an empowered patient.”
- Russell Williams, President Rx&D
Governments across Canada are concerned about the abuse of prescription drugs, with recent policy discussions focused on mitigating abuse of pain medications in particular. Canada’s Research-Based Pharmaceutical Companies (Rx&D) has developed the following position on the non-medical use of prescription medicines and public policy approaches to addressing prescription drug abuse in Canada.
A new KPMG study shows that research and development investments made by Canada’s innovative pharmaceutical sector continue to be chronically under-reported by the Government of Canada at an increasing amount year-over-year.
The Summary of 2013 R&D Spending and Investments by Rx&D Members is the fourth annual report commissioned by Canada’s Research-Based Pharmaceutical Companies (Rx&D) that shows an alarming disparity between what the government reports and the more than $1 billion that the industry actually invests annually. For 2013, KPMG estimates 46% of the industry’s R&D investment will be overlooked by the Patented Medicine Prices Review Board (PMPRB) meaning that the official report published by the Government of Canada will be far from a true reflection of the industry’s contribution to Canada.
One of the most rigorous and detailed forecasts ever conducted for the Canadian private drug plan market shows that drug cost growth within private plans will be in the low single digit range in the coming 5-year period. This news is important for Canadian employers who offer drug coverage to their employees as part of their health benefit plans. These results show that, at a market level, the private drug plan system growth will be sustainable.
Rx&D commissioned IMS Brogan, the Canadian business unit of IMS Health a global leader in healthcare market insights, to conduct a forecast of private drug plan drug costs for 2013-2017. The IMS Brogan Private Drug Plan Drug Forecast shows that the Compounded Annual Growth Rate (CAGR) of private market drug costs, at an overall market level, will be in the range of 1.6% to 2.8 % over the five-year forecast period.