BMI View: Limited funding for New Zealand’s Pharmaceutical Management Agency (PHARMAC) will continue to be a source of discontent for innovative drugmakers. The consequential reduction in market access is also a cause for concern among patient populations. We highlight that New Zealand’s pharmaceutical market continues to rank behind Australia in terms of the attractiveness of its business environment. Headline Expenditure Forecasts ? Pharmaceuticals: NZD1.38bn (US$1.12bn) in 2012 to NZD1.42bn (US$1.06bn) in 2013; +2.9% in local currency and 1.6% in US dollar terms. ? Healthcare: NZD21.25bn (US$17.21bn) in 2012 to NZD22.08bn (US$17.67bn) in 2013; +3.9% in local currency and 2.6% in …
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