Pharmac Strategy
A Pharmac strategy should be developed in two parts.
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Submission
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Negotiation
Wellmed.NZ can manage this whole process as your agent. With proven experience and a known entity by Pharmac as a company that can be trusted means Wellmed.NZ is already ahead before you begin.
Contact us for a no-obligation discussion and find out how Wellmed.NZ can work for you.
1
Submission
This first step is critical as Pharmac will assess and rank your product in the list of products they would like to fund.
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Feature too low on the list will make it difficult to progress. Ensuring product comparisons are relevant can significantly help ensure correct prioritization.
A good submission will also include the impact on health outcomes of population groups experiencing health disparities.
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Meeting with Pharmac prior to submitting is also a good option, to align the submission design before you begin. This also highlights to Pharmac a submission is likely which can help their planning.
2
Negotiation
Once your product has been reviewed by PTAC (Pharmacology and Therapeutics Advisory Committee), regardless of the outcome, meeting with Pharmac again is critical in building your funding and prices proposal. We have a unique way of presenting that aligns well with Pharmac's needs and ensures the right discussions take place.
Getting this right, will significantly improve your chance of success and speed up progress.