New Zealand’s Pharmaceutical Management Agency PHARMAC has announced the approval of an agreement with the local subsidiary of Swiss biotech firm Actelion (SIX: ATLN) in relation to bosentan (Tracleer). This was the subject of a consultation letter dated 1 October 2012.
In summary, the effect of the decision is:
• The subsidy and delisting protection periods for the Tracleer brand of bosentan have been extended; and
• The rebate levels that apply to the Tracleer have been adjusted.
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