Quebec moves to reduce generic drug prices; the "patent cliff"

Author: Alexander Stack Professional Corporation |

Two interesting articles. First, Quebec has applied its regulations requiring it to pay the lowest price available in the other provinces for generic drugs, slashing to 25% of the brand price to match Ontario regulations.

Quebec's rules have always struck me as a bit "beggar-thy-neighbour". In any case, analysts are questioning how this will affect the profitability of Jean Coutu, and Pharmascience is musing about cutting jobs in Quebec.

Here's a column that has a discussion of the "patent cliff" - when many patents for blockbuster drugs will expire around the same time, slashing their companies' revenues. The article specifically discusses Lipitor/Atorvastatin

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