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Federal task force report marks important step for Canada’s life sciences sector

Innovative Medicines Canada (IMC) acknowledges today’s publication of the Pharmaceutical and Life Sciences Sector Task Force report by the ministers of health and industry, featuring recommendations to improve patient access to life-saving medications. Turning these recommendations into urgent action will be critical given recent global drug policy shifts triggered by U.S. most-favoured nation pricing, which are already influencing where innovative medicines are launched.

In the news

Canada’s wait for new medicines is long — and about to get longer

There’s a quiet crisis unfolding behind closed doors. Canadians have the longest wait times in the G7 for public access to new and innovative medicines — the patented, breakthrough kind that treat cancer, autoimmune disorders, and rare and infectious diseases. In addition, only 18 per cent of new drugs launched globally are available through Canadian public drug plans. Now, global drug policy changes, triggered by a new U.S. policy, threaten to widen this gap further. 

In the news

Canada’s innov­a­tion gap: why your access to medi­cines is at risk

Some­where in Canada today, a patient is sit­ting in a doc­tor’s office, receiv­ing news that will change everything for them and their fam­ily. They’re hear­ing those ter­ri­fy­ing words—stage-four can­cer—and feel­ing the walls close in. They’re think­ing about their chil­dren, their part­ner, and their par­ents. They’re think­ing about how much time they have and what they’d do with it. Then, they learn that the treat­ment most likely to save their life exists—but it’s not avail­able in Canada, and no one can say when it will be.

In the news

Interview with Bettina Hamelin in Investment Reports

Over the past year, have you seen any changes in Canada’s regulatory environment that make the system faster, more efficient, or easier for innovative medicines?

Overall, the issue persists, but we are seeing progress on two fronts. One is at the level of Health Canada, which has seriously tackled the opportunity for regulatory reliance. That means relying on trusted agencies such as the FDA and European regulators instead of redoing all of the reviews. The expectation is that this will speed up the process at the regulator level. The policy is currently under consultation, and we have submitted our views.

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