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Mercedes-Benz exported around 30,000 GLE and GLS sports utility vehicles from the United States to China last year. Daimler has no current plans to manufacture these models in China as a way to mitigate the impact of tariffs, Zetsche said personalised cufflinks india. Research and development spending rose 4.5 percent to 9.1 billion euros last year as the carmaker prepares to launch its first fully electric sports utility vehicle this year. Daimler shares were down 2.4 percent by 1628 GMT, underperforming a 0.4 percent drop in Germany’s blue-chip DAX index..
TORONTO (Reuters) – Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters personalised cufflinks india. Those industry offers did not impress federal officials, coming last year as Canada prepared to expand the powers of a little-known federal watchdog called the Patented Medicine Prices Review Board (PMPRB) to reduce the cost of prescription drugs..
The government proposals would change the countries Canada compares its prices to, dropping the United States where they are highest, and set a formula to assess cost-effectiveness of medicines personalised cufflinks india. Announced in 2017, the new rules were scheduled to come into effect last month but have been delayed as the government reviews feedback, which has some wondering if they will ever be implemented. The delay is a setback for supporters of the changes. But documents detailing counter offers from lobby groups Innovative Medicines Canada and BIOTECanada show an industry struggling to win over federal officials..
Unlike other countries with universal healthcare, Canada’s government-funded healthcare system does not cover prescription drugs. Most Canadians rely on an expensive patchwork of public and private insurance plans for that personalised cufflinks india. Among industrialized nations, only the United States and Switzerland spend more on prescriptions per capita. Declan Hamill, a vice president at Innovative Medicines Canada, said the proposed regulations go too far and could hurt patient access to new drugs in Canada. But his group recognizes that the Canadian government wants to make drugs more affordable, he said..
“We’d like to help the government out with that, and we’ve been trying to have discussions with them,” Hamill said. Lower prices in Canada could eventually hit drugmakers in the most lucrative U.S. market, as Washington evaluates a proposal to base drug prices paid under the government’s Medicare program on the cost of medicines in other developed nations, including Canada. Global drugmakers, including Johnson & Johnson, Merck & Co, Amgen Inc and others, have argued against the Canadian proposal personalised cufflinks india. They referred questions back to Innovative Medicines Canada..