Increasing Access to Innovative Medicines
Written Submission for the Pre-Budget Consultations in Advance of the 2026-2027 New Brunswick Budget

We represent Canada’s innovative pharmaceutical industry.
Innovative Medicines Canada is committed to being a valued partner in Canada’s healthcare system. IMC collaborates with governments, insurers, healthcare professionals, and other stakeholders to strengthen the life sciences sector, improve patient outcomes, and support sustainable innovation.
IMC’s advocacy focuses on creating a regulatory and policy environment that fosters innovation, protects intellectual property, and expands access to the newest available medicines. Everything IMC does is grounded in evidence and driven by a commitment to the health and well-being of Canadians.
Canada’s innovative pharmaceutical companies invest more than $3.2 billion a year in research and development to find new ways to treat and cure illnesses. From rapid responses to a global pandemic, to providing life-saving treatments for cancer, heart disease, and rare disease patients, Canada’s innovative pharmaceutical industry plays a critical role in supporting patient health and driving economic growth.


IMC’s advocacy integrates the interests of federal and regional governments to ensure that policies reflect local needs. All of IMC’s positions and communications are informed by rigorous research conducted by IMC or trusted external partners.
Despite Canada’s talent and research capacity, the country currently attracts only 1% of global pharmaceutical R&D investment. IMC is working with industry and governments to modernize regulations, strengthen competitiveness, and attract significantly more investment and clinical trials.
A strong intellectual property framework is essential for advancing innovation. IMC advocates for policies that ensure Canadian patients and researchers benefit from a globally competitive IP environment, including:
Comprehensive Economic and Trade Agreement (CETA) strengthened Canada’s IP framework through several key enhancements:
These reforms brought Canada closer to international norms and positioned the country more competitively on the global life sciences stage.
While early drafts of Canada-United States-Mexico Agreement (CUSMA) proposed significant improvements to Canada’s IP protections, the final agreement removed enhanced data protection for biologics. However, CUSMA still requires Canada to implement Patent Term Adjustment (PTA) to address unreasonable delays in patent examinations.
The federal government has not yet updated its legislation to meet this obligation, which must be fulfilled by January 1, 2025.
For further background on Canada’s IP environment:
Global Innovation Policy Centre’s 2021 International IP Index
U.S. Trade Representative 2021 Special 301 Report
Improving access to innovative medicines, vaccines, and treatments remains at the core of IMC’s work. IMC collaborates with governments, industry, healthcare professionals, and other key stakeholders to enhance pricing, reimbursement, and regulatory processes so Canadians can benefit from timely access to new therapies.
Today, Canadians with public drug plan coverage wait an average of two years from Health Canada approval to access. This is twice as long as most other OECD countries. Canada ranks 19th out of 20 comparable nations.
By streamlining the drug access pathway, there can be reduced delays, improved health outcomes, and a strengthened position for Canada as a destination for life sciences innovation.

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Written Submission for the Pre-Budget Consultations in Advance of the 2026-2027 New Brunswick Budget
Written Submission for the Pre-Budget Consultations in Advance of the 2026 Newfoundland and Labrador Budget
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