What does PMPI mean in MEDICAL
The Patented Medicine Price Index (PMPI) is an index of drug prices in Canada. It measures the changing prices of drugs that have been patented, or those with exclusive production and marketing rights. The PMPI provides insight into how much Canadians are paying for their medications on an annual basis.
PMPI meaning in Medical in Medical
PMPI mostly used in an acronym Medical in Category Medical that means Patented Medicine Price Index (Canada)
Shorthand: PMPI,
Full Form: Patented Medicine Price Index (Canada)
For more information of "Patented Medicine Price Index (Canada)", see the section below.
Essential Questions and Answers on Patented Medicine Price Index (Canada) in "MEDICAL»MEDICAL"
What is the Patented Medicine Price Index (PMPI)?
The Patented Medicine Price Index (PMPI) is an index of drug prices in Canada that measures the changing prices of drugs that have been patented, or those with exclusive production and marketing rights.
How often is the PMPI released?
The PMPI is released quarterly by Statistics Canada, usually around the end of each quarter.
What does the PMPI measure?
The PMPI measures changes in price from quarter to quarter for patented medicines sold in Canada.
Who uses the data from PMPI?
Organizations such as governments, industry and researchers use the data from the PMPI to track trends in drug pricing over time and make informed decisions about future policy and regulations related to pharmaceuticals.
What type of information does it provide?
By tracking changes in price over time, the PMPI provides insight into how much Canadians are paying for their medications on an annual basis.
Final Words:
The Patented Medicine Price Index (PMPI) serves as a valuable tool to inform decision-making on policies related to pharmaceutical costs in Canada. It allows stakeholders to monitor trends in medication pricing over time and has become increasingly important with increasing drug costs across the country.