The Growing Price Gap Between Canada and the United States Has Fueled Substantial Exports to U.S. Consumers
Posted on: Wednesday, 5 April 2006, 12:01 CDT
Research and Markets (http://www.researchandmarkets.com/reports/c32145) has announced the addition of Pharmaceutical Pricing and Reimbursement in Canada to their offering.
Canada is the world's eighth largest pharmaceutical market, with ex-manufacturer sales of $10 billion in 2004. Canadian ex-manufacturer prices for brand name drugs are close to median European prices but lower than U.S. prices. The growing price gap between Canada and the United States has fueled substantial exports to U.S. consumers, a trade that is technically illegal in the United States and is opposed by the Canadian government.
After many years of static prices, manufacturers have begun to raise patented drug prices in Canada, a trend that has disturbed national, provincial, and territorial governments. The highly influential Patented Medicine Prices Review Board (PMPRB) has also criticized price increases and called for stronger cost-containment measures.
Decision Resources begin this report with an overview of the Canadian health care system and pharmaceutical market. The report then focuses on drug pricing and reimbursement procedures and provides an update on the cross-border trade situation. The Decision Resources report concludes with a brief assessment of the prospects for change in the Canadian pricing and reimbursement environment.
Key topics covered include:
-- Organization and Funding of the Canadian Health Care System
-- The Canadian Pharmaceutical Market
-- Pricing of Prescription Medicines
-- Reimbursement
-- Cross-Border Trade of Prescription Drugs to the United States
-- Outlook for the Canadian Pharmaceutical Market
For more information visit http://www.researchandmarkets.com/reports/c32145
Decision Resources
Source: Business Wire
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