Canada Enacts Drug Price Crackdown, in Blow to Pharmaceutical Industry

August 9, 2019

(Reuters) РThe Canadian government announced final regulations on Friday that should cut billions of dollars from patented drug prices that are among the highest in the world, overcoming heavy opposition from pharmaceutical companies who may eventually challenge the new rules in court. The biggest reform to Canada’s drug price regime since 1987 would save Canadians C$13.2 billion ($10 billion) over a decade.