The Quebec government has announced a plan to gradually decrease generic drug prices to 25 per cent of the equivalent brand-name drug price over the next two years. The government announced details of the plan on Nov. 5, 2010, following discussions with the pharmaceutical industry.
Quebec has a “best price policy,” which requires that the province have the lowest drug prices in Canada. Since Ontario recently announced a phased-in plan that will see generic drug prices ultimately move to 25 per cent of the equivalent brand-name price, Quebec is now matching this level of pricing.
Generic drugs in Quebec (both existing and new) will immediately be priced at 37.5 per cent of brand-name...
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