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QUT joins new $19 75M initiative to commercialise Australian medical devices

Approval processes to be scrutinised for new drugs and medical technologies

Date Time Approval processes to be scrutinised for new drugs and medical technologies On Thursday 11 and Friday 12 March 2021 the House of Representatives Standing Committee on Health, Aged Care and Sport will hold two days of public hearings in Sydney as part of the Committee’s ongoing inquiry into approval processes for new drugs and novel medical technologies in Australia. The Committee will hear evidence from numerous stakeholders including patient advocacy groups, clinician and research bodies, and industry. Witnesses will include rare disease advocates from Rare Voices Australia, and representatives from the Medical Technology Association of Australia. The program for the hearings is available at the Committee’s website.

Aussies may pay more for lifesaving hip, knee devices

Exclusive: Health fund members could face exorbitant out of pocket expenses for devices like hip and knee replacements, stents and pacemakers under major reforms being considered by the federal government. And from 2022 surgeons could also be stopped from selecting the best medical devices to treat their patients, manufacturers of the products claim. At present health funds have to reimburse the full cost of any medical device on the government s prostheses list but Australians are being massively overcharged. Private patients pay double the price of those overseas and 45 per cent more than public hospitals.     The changes have been proposed by the Department of Health and private insurers ahead of the May budget which could see an average price set for medical devices.

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