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This communiqué provides updates on the Price Review process for patented medicines in Canada, focusing on transparency, reporting requirements, and new guidelines based on stakeholder consultations.
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How to fill out Patented Medicine Prices Review Board Communiqué

01
Gather all necessary information about the patented medicine, including its name, strength, and dosage form.
02
Obtain the details of the manufacturer's pricing and any previous reviews or decisions made regarding the medicine.
03
Fill out the form with accurate data on the expected market price and any relevant factors affecting pricing.
04
Include supporting documents that justify the proposed price and any clinical efficacy data.
05
Review the completed form for accuracy and completeness before submission.
06
Submit the form through the appropriate channels, ensuring compliance with deadlines set by the Board.

Who needs Patented Medicine Prices Review Board Communiqué?

01
Pharmaceutical companies seeking to introduce a new patented medicine in the market.
02
Healthcare professionals involved in the pricing and reimbursement process for new treatments.
03
Regulatory bodies monitoring medicine prices to maintain compliance with national healthcare policies.
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People Also Ask about

The PMPRB regulates the price of each patented drug product, including each strength of each dosage form of a patented medicine. This is normally the level at which Health Canada assigns a Drug Identification Number (DIN).
Keyser's Pills: an 18th-century patent medicine containing mercuric oxide and acetic acid, used to treat syphilis. Lane's Emulsion: invented in New Zealand and promoted as a health tonic and a cure for tuberculosis.
The Patented Medicine Prices Review Board (PMPRB) protects and informs Canadian consumers by reviewing the prices of patented medicines sold in Canada, and by reporting on pharmaceutical trends.
The PMRPB investigates, reviews and negotiates the price of drugs that are still under patent and which have no generic substitutes. It establishes the maximum prices that can be charged in Canada.
Introduced in April 2014, the current pricing policy for new generic drugs starts at 70% of the brand price if there is only one generic entrant, and falls to 50%, 25% and, then, 18% for markets with two, three and four generic entrants, respectively.
The Patented Medicine Prices Review Board (PMPRB; French: Conseil d'examen du prix des médicaments brevetés) is a federal quasi-judicial regulatory and reporting agency in Canada.

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The Patented Medicine Prices Review Board Communiqué is a publication issued by the Patented Medicine Prices Review Board (PMPRB) in Canada that provides guidance, updates, and information regarding the regulations, policies, and practices related to the pricing of patented medicines.
Manufacturers of patented medicines that sell their products in Canada are required to file the Patented Medicine Prices Review Board Communiqué.
To fill out the Patented Medicine Prices Review Board Communiqué, manufacturers must provide specific information as outlined in the guidelines, including drug identification numbers, pricing information, sales data, and any relevant market information.
The purpose of the Patented Medicine Prices Review Board Communiqué is to ensure compliance with pricing regulations, provide transparency in the pricing of patented medicines, and protect the public interest by preventing excessive drug prices.
Information that must be reported includes the product name, drug identification number (DIN), sales figures, prices in other countries, and any pricing agreements that may be relevant.
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