Tags: Government Agency.
The Pharmaceutical Management Agency or Pharmac is a New Zealand Crown entity that decides on behalf of District Health Boards which medicines and related products are subsidised for use in the community and public hospitals.Pharmac was created in 1993 to ensure that New Zealanders get the best possible health outcomes from the money the Government spends on medicines. Trying to meet the public’s growing demand for new medicines within a defined budget is challenging.