NZ ups fund­ing for sub­si­dized drugs

China Daily (Canada) - - BUSINESS -

the April in­crease to a rise in in­vest­ment in­come and the higher value of non-dol­lar as­sets caused by stronger yen and pound. TheNewZealand gov­ern­ment is in­creas­ing fund­ing for its drugs pro­cure­ment agency amid claims that medicine costs will rise un­der the con­tro­ver­sial 12-na­tion Trans-Pa­cific Part­ner­ship trade agree­ment. Anex­tra NZ$39 mil­lion ($26.87 mil­lion) would be in­vested to en­able Phar­mac to provideNewZealan­ders with ac­cess to newmedicines. The fund­ing boost would bring Phar­mac’s an­nual bud­get to NZ$850 mil­lion, said Jonathan Cole­man, min­is­ter of health, on Wed­nes­day.

WANG LUXIAN / FOR CHINA DAILY

Pet groomers show off their ex­per­tise dur­ing a pro­fes­sional cer­ti­fi­ca­tion test at an expo in Nan­jing, cap­i­tal of Jiangsu prov­ince.

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