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Revealed: Pharmac s budget hole hundreds of millions of dollars deep Newshub 5 hrs ago Newshub can reveal Pharmac has a budget hole hundreds of millions of dollars deep. For the first time, the Government s drug-buying agency has released figures about its options for investment list - medicines Pharmac would pay for if it had the budget. There are currently 73 medicines on the list. The cost of funding every drug on the wish list is more than $400 million a year - $417,670,000. Kiwis like Andrew Speir rely on the goodness of strangers to get necessary medicine. The 36-year-old has stage four bowel cancer and doctors recommended he use Avastin, a drug not funded for bowel cancer in New Zealand. ....