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Australia vs. New Zealand: Medicine Funding Comparison

by Emma Walker – News Editor

New Zealand ⁢Lags Behind Australia in Access to Modern ⁤Medicines, Report⁣ Finds

A new report reveals a meaningful disparity in​ access ​to modern medicines between ⁣New Zealand adn Australia. “access to Medicines,” released by Medicines New Zealand, tracked drug funding ​in both countries between January 2011 and June 2025, finding Australia funds more medicines, and does so⁤ at a faster rate, than New Zealand.

During the tracked period, australia publicly funded 215 modern medicines, ⁤compared to ⁢86 in New Zealand. The average time to funding after a medicine’s registration⁤ was‌ 18 months in⁢ Australia, while New ⁢Zealanders waited nearly three years.

The report analyzed 142 medicines funded in australia but not New Zealand, discovering that 80 percent (115 drugs) are considered standard of care internationally.⁣ Oncology drugs comprised⁢ the⁤ largest category of unfunded medicines, representing 38 percent of the 142.

Despite a recent ⁢$604 million funding increase over four years and a commitment to fund⁤ 13 new cancer​ drugs following the 2023 election, the⁣ report highlights a widening gap. While New Zealand funded nine medicines in the first six months of 2025, compared to Australia’s eleven, Australia still funded medicines ‍faster 70 percent of‍ the ⁤time.

A key difference identified in the report is the presence of a time-bound decision window for funding new medicines in Australia, a process currently lacking in New Zealand.

Pharmac, ​new Zealand’s pharmaceutical management agency, ⁤acknowledged⁣ the⁣ desire for⁢ greater access to modern⁤ medicines and the difficult choices faced by families ⁣needing unfunded treatments. ‍ Caroline de​ Luca,acting director of ⁤pharmaceuticals,noted that applications for funding hadn’t been​ received for roughly half ⁢of the medicines⁢ identified in ‍the report,and encouraged submissions from pharmaceutical suppliers,health professionals,or individuals. Pharmac‍ stated the recent funding increase allowed ⁤them to fund 66 medicines, benefiting 250,000 New Zealanders in the first year.

Associate Health Minister David ⁤Seymour’s ‌office indicated he ‌would address the report’s findings on Friday.

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