News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 


Tender marks 10th anniversary

January 2005

Tender marks 10th anniversary

PHARMAC is marking the 10th anniversary of its annual tender, which has been issued to pharmaceutical suppliers.

Tendering has become a core part of PHARMAC's management of pharmaceutical expenditure since its introduction in 1996. Tendering harnesses competition among pharmaceutical suppliers to set subsidy levels for off-patent medicines. Pharmaceutical companies that make successful bids become the sole subsidised supplier for up to three years.

The 2005-06 tender calls for bids for 592 medicines used both in the community and hospitals, covering 973 line items on the Pharmaceutical Schedule.

The products included in the latest tender currently account for $100 million of the $582 million pharmaceutical budget. The most significant therapeutic areas represented in the tender are cardiovascular medicines ($15 million) and anti-infection medicines such as antibiotics ($15 million).

PHARMAC Chief Executive Wayne McNee says this year's tender reflects the way this strategy has developed over a decade.

"Paracetamol was the first pharmaceutical to be purchased in this manner, but the tender has grown to now encompass 45% of subsidised prescriptions," Wayne McNee says.

"The tender is now an annual activity for PHARMAC and has expanded to include products used both in hospitals and the community. Typically the tender realises savings in the region of $20 to $25 million, although we won't know the full impact of this year's tender until we have received and analysed all the bids."

This year's tender involves a number of oncology products, and treatments for pain relief, heart disease and raised cholesterol.

The closing date for bids is 27 February 2006.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

NZ On Air TV Funding: More Comedy Comes Out Of The Shadows

Paranormal Event Response Unit is a series conceived by Jemaine Clement and Taika Waititi as a TV spin-off from their highly acclaimed feature film What We Do In The Shadows. More>>

ALSO:

Mars News: Winners Announced For The 2016 Apra Silver Scroll Awards

Wellington singer-songwriter and internationally acclaimed musician Thomas Oliver has won the 2016 APRA Silver Scroll Award with his captivating love song ‘If I Move To Mars’. More>>

ALSO:

Scoop Review Of Books: Salt River Songs by Sam Hunt

Colin Hogg, a longtime comrade of Sam, writes in his Introduction that, ‘There is a lot of death in this collection of new poems by my friend Sam Hunt. It’s easier to count the poems here that don’t deal with the great destroyer than it is to point to the ones that do.’ More>>

Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>

ALSO:

Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Health
Search Scoop  
 
 
Powered by Vodafone
NZ independent news