register

News & Trends - Pharmaceuticals

Keeping pressure as industry awaits government response to HTA Review report

Health Industry Hub | July 22, 2024 |

Pharma News: In a bid to keep the momentum, Medicines Australia will host an HTA focused Policy Roundtable with industry and diverse stakeholder representatives this week as part of ongoing activities to drive stakeholders HTA priorities and prepare for implementation of bold HTA reform.

The discussion will focus on three topics drawn from the HTA Options Paper that attracted mixed support in the second consultation of the HTA Review: a qualitative value framework, a proposed bridging fund and the use of managed entry.

Despite the closure of the HTA Review consultation 2 nearly five month ago, stakeholders are still awaiting the Department of Health’s publication of the submissions online.

When probed on the lack of transparency, Health Industry Hub was told by the Department of Health, “Submissions to the HTA review will be published asap by the Department in accordance privacy and accessibility requirements. The Department is working towards completing this work by the end of June and arranging for its publication in July.”

Medicines Australia CEO Liz de Somer said maintaining momentum is important while Government considers the recommendations in the HTA Review Report.

“This is the first step in informing the co-design work that will be critical to ensuring reforms address the current challenges. This work needs to start now so we continue the momentum following a number of reviews since 2021, while the Government considers the HTA recommendations and works through its processes.”

“Now is an opportune time for stakeholders to work together to commence co-design on options where we know there is stakeholder alignment and significant need.”

Pharmaceutical companies such as Pfizer and GSK have already voiced their concerns regarding the lack of alignment of proposed options in consultation 2 with the overarching goals of the HTA Review.

“There is no question that HTA reform is needed – the current system is 30 years old and struggling to keep pace with new technologies. Patients know this, clinicians know this, industry knows this, and the Minister knows it,” de Somer added.

“The roadmap of reforms that Medicines Australia has outlined makes the case for implementing much needed reforms using a phased approach over three years.

“As an industry, we must stay focused and continue leading the way, ensuring all stakeholders can contribute and remain engaged throughout the journey. These are early days and it’s a long road ahead.”

Approximately 30 people will be attending the full day event on Friday, including representatives from patient groups, industry, clinicians, academics and peak bodies who have been active throughout the HTA Review.

The outcomes from the roundtable will be shared with Government and stakeholders.

In reimagining healthcare, Health Industry HubTM is the ONLY one-stop-hub uniting the diversity of Pharma, MedTech, Diagnostics & Biotech sectors to inspire meaningful change. The exclusive leadership and influencer podcasts and vodcasts offer unparalleled insights and add immense value to our breaking news coverage.

The Health Industry HubTM content is copyright protected. Access is available under individual user licenses. Please click here to subscribe and visit T&Cs here.


ESG

Edwards Lifesciences VP challenges us to 'dream bigger' for underserved communities

Edwards Lifesciences VP challenges us to ‘dream bigger’ for underserved communities

Health Industry Hub | November 11, 2024 |

Social Impact: Edwards Lifesciences ANZ held its annual Foundation Grants Day, an event that brought to life the company’s commitment […]

More


News & Trends - MedTech & Diagnostics

Government faces scrutiny for inaction in private hospital sector despite Health Check warnings

Government faces scrutiny for inaction in private hospital sector despite Health Check warnings

Health Industry Hub | November 11, 2024 |

Shadow Health Minister Senator Anne Ruston questioned the Department of Health’s commitment to addressing critical issues in the private hospital […]

More


News & Trends - MedTech & Diagnostics

Australia lags behind in funding pharmacogenomic testing: Pathologists urge action

Australia lags behind in funding pharmacogenomic testing: Pathologists urge action

Health Industry Hub | November 11, 2024 |

Diagnostics & MedTech News: The call for urgent action to improve access to pharmacogenomic testing across Australia comes as demand […]

More


News & Trends - Pharmaceuticals

Australia’s first Cholesterol Awareness Week launched to tackle nation’s 'silent disease'

Australia’s first Cholesterol Awareness Week launched to tackle nation’s ‘silent disease’

Health Industry Hub | November 11, 2024 |

Pharma News: Leading heart charities have come together to launch the nation’s first Cholesterol Awareness Week (11-17 November), aiming to […]

More


This content is copyright protected. Please subscribe to gain access.