Patented Medicine Prices Review Board Canada spent an estimated $2.7M in 2021-2022 on contracts.
Across 147 contracts active since the start of the 2017-2018 fiscal year, 8 have at least one amendment (5%). Of contracts with amendments, the average increase in dollar value was 85% and the average number of amendments was 1. Cumulatively these amendments represent an increase of $599.1K over the original contract values.
The average contract duration was 1.43 years, and the average contract value (not including contracts under $10k) was $134.1K. The longest contract was 5.1 years. The largest contract by value (including amendments) was $1.8M.
