The saga has injected a major dose of uncertainty into Canada’s pharmaceutical industry, as well as a number of sectors that support it
Rawson: Lower drug prices are a good thing. Canada’s approach to achieving them was not
“Their mandate is not to regulate prices,” said Pamela Fralick, president of industry lobby group Innovative Medicines Canada. “The challenge is that a lot of the pharmacy business model is quite closely tied to drug pricing,” said Sandra Hanna, a pharmacist and chief executive officer of the Neighbourhood Pharmacy Association of Canada.
Provinces play a major role in controlling the cost of drugs through public-health insurance plans. Provincial, territorial and some federal plans negotiate drug buying with manufacturers through a group called the pan-Canadian Pharmaceutical Alliance.
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