Japan, with an aging population and increasing healthcare costs, is looking to reform parts of its regulatory system and introduce a larger role for value-based medicine.
This week the Ministry of Health, Labor and Welfare (MHLW), proposed creating a more structured cost-effectiveness assessment scheme, to be introduced in April next year.
Under the plan, the Central Social Insurance Medical Council, or Chuikyo, would use a standard processing time for the completion of cost-effectiveness assessments, used to set the chargeable prices for new drugs in the country.
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