Company Directory - Pharmac
Company Details - Pharmac

Pharmac
WebsiteNew Zealand
Pharmac is New Zealand’s government agency responsible for the procurement of pharmaceuticals for the public healthcare system, ensuring timely and cost-effective access to medicines for all New Zealanders.
CCI Score
CCI Score: Pharmac
-18.41
-10.53%
Latest Event
Potential Crony Appointment at Pharmac Raises Conflict of Interest Concerns
A guest blog raises concerns that the appointment of former 'Big Pharma' executive Todd Stephenson as a health undersecretary overseeing Pharmac may indicate crony capitalism and potential conflicts of interest in pharmaceutical procurement.
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ENABLER
Pharmac is currently rated as an Enabler.
Latest Events
- JUN242025
A guest blog raises concerns that the appointment of former 'Big Pharma' executive Todd Stephenson as a health undersecretary overseeing Pharmac may indicate crony capitalism and potential conflicts of interest in pharmaceutical procurement.
- APR292024
The New Zealand government has allocated an additional $1.7 billion to Pharmac and appointed former National Party minister Paula Bennett as chair of the board. The appointment of a politically partisan figure with significant ties to party fundraising raises concerns over the agency's intended independence and impartiality in managing public health resources.
-60
Executive Political Engagement
June 24
Appointing Paula Bennett—a figure with strong partisan ties and a history of political fundraising—as the chair of Pharmac compromises the agency’s political neutrality. This politicized appointment undermines the agency’s independence in making unbiased decisions on pharmaceutical procurement, reflecting a shift toward partisanship that can have broader authoritarian implications.
Government gives Pharmac $1.7b and appoints Paula Bennett to chair board
- MAY012022
A comprehensive final report from Pharmac calls for sweeping reforms across its decision‐making, governance, and procurement processes. The report emphasizes the need to update medicines strategies, improve transparency in vaccine and medical device procurements, and, crucially, to embed equity for marginalized groups including Māori, Pasifika, and disabled populations. These recommendations aim to ensure the agency’s operations are aligned with progressive public health values and accountability measures.
+70
Public and Political Behavior
June 24
The report’s recommendations to strengthen board oversight, enhance transparency, and integrate equity in every stage of pharmaceutical procurement reflect a commitment to progressive, accountable practices. By addressing systemic inequities and including marginalized communities in its processes, Pharmac is making strides that support anti-authoritarian, socially just governance.
- SEP022021
A comprehensive review of public submissions concerning Pharmac, New Zealand’s pharmaceutical procurement agency, reveals that its decision-making processes are overly focused on cost savings at the expense of health outcomes. The report criticizes the agency for opaque procedures, slow funding decisions, and limited consultation with marginalized groups – factors that risk perpetuating inequities in access to modern medicines.
-40
Business Practices and Ethical Responsibility
June 24
The review highlights that Pharmac’s cost-saving and opaque decision-making processes compromise the agency’s ethical responsibility to provide equitable, patient-centred outcomes. The heavy focus on cost minimization, without adequate consultation with consumers or marginalized communities, is seen as undermining public health and ethical standards.
-20
Economic and Structural Influence
June 24
Pharmac’s approach has contributed to structural inequities in New Zealand’s healthcare system by creating a two-tier model that disadvantages marginalized populations. The slow, opaque funding process results in missed opportunities for equitable treatment access, thereby exerting a negative economic and structural influence.
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