Approval of multi-product funding agreement with Novartis in New Zealand

6 September 2018

New Zealand’s Pharmaceutical Management Agency PHARMAC has announced a major funding package involving ten medicines in seven key therapy areas through an agreement with Swiss pharma giant Novartis’ (NOVN: VX) local subsidiary.

Five new medicines will be funded, and access widened to three others, from October 1, 2018. The decision will provide substantial health benefits for up to 50,000 New Zealanders with a range of health conditions.

In summary, this decision will result in the following changes from October 1, 2018:

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