Tag: Regulatory Framework

TPP’s biologics data protection

Article – BusinessDesk April 27 (BusinessDesk) – The Trans-Pacific Partnership’s longer data protection for biologic pharmaceutical makers will push up the cost of the fastest growing primary health treatment in the country, the Medical Association says.TPP’s biologics data protection will push up health-care costs, Medical Association says By Paul McBeth April 27 (BusinessDesk) – The Trans-Pacific Partnership’s longer data protection for biologic pharmaceutical makers will push up the cost of the fastest growing primary health treatment in the country, the Medical Association says. Biologic drugs account for more than 40 percent of new pharmaceutical products being developed and proposals...

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Pre-Budget Speech to Business New Zealand event

Speech – New Zealand Government Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 Its good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This years Budget will …Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 It’s good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This year’s Budget will be delivered against a backdrop of a growing economy, supported by strong levels of tourism and migration, a large pipeline of construction projects and low interest rates. Notwithstanding challenges in the dairy industry, most New Zealand forecasters are predicting growth of around 3 per cent on average over the next few years. That’s a good position for the country to be in. In fact, over the last five years New Zealand has had one of the fastest growth rates in the OECD. However, nothing is guaranteed. There are always risks, and at the moment these revolve around issues like the ability of China to smoothly negotiate its economic challenges. On the other hand, the economy could do better than forecast. That’s why the Government takes a medium-term approach to fiscal policy, looking through ups and downs and focusing on the...

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Speech to the Auckland Chamber of Commerce

Speech – New Zealand Government Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event.Hon Bill English Minister of Finance 25 February 2016 Speech to the Auckland Chamber of Commerce and Massey University Good afternoon. Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event. It’s a pleasure to be here again. Today I want to take you through some of our initiatives through to 2017. I can tell you there is no letup in pace this term – we’ve got a busy policy programme, and there is much to do. I also want to share with you some of our longer term thinking, particularly with ongoing reform of urban planning and the Government’s finances. Economic Outlook But first I’d like to talk about the current economic outlook. There are positive signs despite international turbulence. The last decade has been challenging for New Zealand businesses. They’ve weathered the global financial crisis, Canterbury earthquakes, interest rates higher than the rest of the developed world, and a high New Zealand dollar. Initially the response was around resilience. Businesses and households tightened their belts and became more efficient. That was also the case for the Government. Spending was constrained to turn an $18.4 billion deficit in 2011 into...

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Why the rush on TPP? asks US critic

Article – BusinessDesk Jan. 27 (BusinessDesk) – An American campaigner against the Trans-Pacific Partnership trade and investment agreement is asking “why does New Zealand have its pants on fire” to pass legislation implementing the deal when there is no guarantee … Why the rush on TPP? asks US critic By Pattrick Smellie Jan. 27 (BusinessDesk) – An American campaigner against the Trans-Pacific Partnership trade and investment agreement is asking “why does New Zealand have its pants on fire” to pass legislation implementing the deal when there is no guarantee it will survive the American political process. Speaking in Wellington at a media briefing organised by the Green Party, Lori Wallach of Washington DC-based Global Trade Watch said the New Zealand government’s arrangement of a signing ceremony on Feb. 4 in Auckland, involving the trade ministers of the 12 nation pact, and the intention to introduce legislation allowing various changes to implement it were part of a wider attempt by sponsoring governments to create “a stampede of inevitability” about the TPP’s eventual adoption. However, Wallach said the TPP faced an uphill battle being endorsed by both the US House of Representatives and the Senate, with the tiny majority achieved for President Barack Obama’s ‘fast track’ process already falling apart and key US politicians seeking to reopen negotiations to get greater protections for the US tobacco and pharmaceutical industries. Unless the...

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Lives lost as funding indecision continues

Press Release – New Zealand Labour Party Annette King Deputy Leader Health Spokesperson 22 January 2016 Lives lost as funding indecision continuesAnnette King Deputy Leader Health Spokesperson 22 January 2016 Lives lost as funding indecision continues The longer the Government continues its hands-off approach to funding a ground-breaking melanoma treatment the more lives will be lost, Labour’s Health spokesperson Annette King says. “Keytruda was approved for use by Pharmac in September, but given a low funding priority. “That means terminally ill Kiwis who have been told by their oncologists they could benefit from a course of the drug are being forced to fundraise tens of thousands of dollars for treatment or go without. “Latest Ministry of Health figures show melanoma was the second most common cancer in both males and females in 2013, with 2366 new cases registered that year. There were 354 deaths from melanoma in 2012. “Based on that information an average 30 Kiwis die each month from melanoma, so funding Keytruda four months ago could have saved, or extended, the lives of up to 120 sufferers. “Keytruda has been credited with saving many lives in Australia, the UK and the US, where it is funded. “One patient who has contacted me sums it up like this: I am not the sort of person to ask for help to pay for the treatment as I was brought...

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