Importance of funding for new medicines in Irish Budget 2025

5 August 2024

Ahead of Budget 2025, the Irish Pharmaceutical Healthcare Association (IPHA), which represents the international research-based biopharmaceutical industry, reiterates the importance of funding new medicines which are an integral and vital part of our healthcare system.

Advances in medicines development is steadily growing. To ensure that patients in Ireland can access these therapeutic advances, it is vital that a direct allocation for new medicines is provided for again in 2025 as was done in 2021, 2022, 2023 and eventually in 2024.

For 2025, IPHA members expect to make applications for reimbursement for 36 medicines which, according to most recent estimates, would benefit as many as 3,700 patients in Ireland.

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