What the Generic Giveth the Brand Taketh Away
On the heels of the Dunderdale's government decision to lower prices of generic drugs - two brand houses are reaching in and taking that money back.
As of April 02-12 Pfizer (Brand Company) has raised the prices of 40 some drugs.
As of April 01-12 Merck Canada (Brand Company) has done the same with about the same number.
Joining them in price increases on April 01-12 are: Brand Companies - Novartis, Purdue, Abbott, Axcan, NovoNordisk, Jannsen-Ortho and Astra.
Many of the Pfizer drugs that will go up in price next week are drugs commonly needed by seniors and others with chronic illness.
With money to spare in the provinces treasury anticipated by changes to generic pricing - the Brand Drugs are taking advantage and getting more cash.
Unfortunately the Brand Houses do not fund independent pharmacies through rebates so now we lose money and have nothing going back into community health services.
The brand drug companies are the strongest lobbyists in the country and yes they lobby our government.
This is a direct attack on local independent companies by our government and a gift for Shoppers Drug Mart and Brand companies.
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