15 September 2015 - People with the rare blood condition hereditary angioedema are the first to benefit from the increased competition for rare disorders medicines promoted by PHARMAC.

PHARMAC has approved an agreement with Shire Pharmaceuticals to fund icatibant acetate (Firazyr), which treats hereditary angioedema (HAE). HAE causes episodic attacks of swelling that can be life-threatening.

Chief Executive Steffan Crausaz says PHARMAC began testing a new approach to promote competition in 2014, seeking better access to medicines for people with rare disorders. PHARMAC identified up to $25 million available over five years, and sought proposals from companies supplying medicines for rare disorders.

“We received proposals for 28 medicines, many of them previously not seen in NZ before and from suppliers PHARMAC has not previously done business with. Shire, for example, had not previously supplied medicines in NZ.”

“We’re intending this to be the first of several medicines that will be affordable within the $25 million we have identified as available for rare disorders medicines,” says Steffan Crausaz.

“This is a great outcome for people with hereditary angioedema, and we’re confident of more agreements being reached for other rare disorders in the near future.”

For more details, go to: http://www.pharmac.health.nz/news/media-icatibant-funded/

MAESTrO Insight: Icatibant acetate was listed on the PBS on 1 August 2012.