Thank you very much for inviting us to come and to give our view about our Pharmac model here in New Zealand.
I've been chair of Medicines New Zealand for five years, and prior to that I was a member of Parliament in the New Zealand Parliament for 10 years. For much more of my career, then, I was actually sitting on your side of the table, so it's interesting to be at this end.
I'll just have Graeme briefly introduce himself, and then we'll start our presentation.