Canadian generic drug prices higher than international standards
27 September 2012
A new paper by Dr. Michael Law (2011 Scholar) finds generic drug prices in Canada are significantly higher than international standards. Law compared the cost of frequently dispensed generic drugs in Ontario (which boasts the lowest prices among Canadian provinces) to the United States and New Zealand and found 90 percent of products were less expensive internationally. The findings suggest that by obtaining common generic drugs at internationally available prices, Ontario could reduce overall drug expenditures by nearly a quarter billion dollars.