Date: 10-Aug-2019

Canada makes drug price crackdown official over industry opposition

The Canadian government on Friday announced final regulations to reduce patented drug prices it said would save Canadians C$13.2 billion ($10 billion) over a decade, overriding heavy opposition from pharmaceutical companies. The changes are the biggest reform to Canadas drug price regime since 1987 and could eventually cut the earnings of drugmakers in the United States, the worlds largest pharmaceutical market.