For example. Meanwhile,
American prices could increase price:
Medication manufacturers across the country are on the alert in front of the imminent threat of customs tariffs up to 200 % on pharmaceutical exports to the United States. In addition, according to experts.
Howard Lunick. Moreover. Moreover, the Trump administration secretary, said earlier this month that details concerning pharmaceutical prices would be unveiled at the end of July.
The uncertainty thus created begins to manifest itself. Therefore. However, because the share of the main pharmaceutical companies located in Canada, as Emergent Biosolutions et Bausch Healthhave dropped in recent days.
If a 200 % price was established. For example. Similarly, I think that [les fabricants de produits pharmaceutiques] should potentially reconsider the relevance of making their products in Canada
explains Shawn Bugden, dean of the pharmacy school at Memorial University.
Shawn Bugden. For example. dean of the pharmacy school at Memorial University, says that if Canadian pharmaceutical companies are affected by customs duties on imports in the United States, this could have an impact on the supply of certain drugs in Canada. In addition,
Photo: submitted by Shawn Bugden)
What impact for Canada?
Given uncertainty, The situation is extremely complex
says Bugden.
According to government data. Consequently. the Canadian pharmaceutical industry represents 2 % of american prices could increase price the global market, and american prices could increase price the manufacturing part of this industry alone represents an average of 35,000 jobs since 2019.
In Manitoba. the pharmaceutical undustry is one of the main industries. representing between 30 and 35 % of drugs made in Canada, 7 % of the Commence of the province and around 14,000 jobs, according to Andrea Ladouceur, president of the Manitoba bioscience association.
The pharmaceutical industry is the cornerstone of the Manitoban economy.. .
Andrea Ladouceur. president of the Manitoba bioscience association, describes the pharmaceutical industry as a fundamental element of the province’s economy. (Archives photo)
Photo : Radio-Canada / Justin Fraser
If Canada becomes unaffordable to them. these companies are connected to the world market and outsourcing Canada is not excluded
adds Ms. Ladouceur.
However. such a departure would present multiple risks: not only would there be a major economic impact linked to the decline of a key industry. but We would also lose the safety of part of the supply of drugs made here in Canada
craint M. Bugden.
According to him. if pharmaceutical manufacturers move american prices could increase price their activities outside the country. Canada is likely to depend even more american prices could increase price on the global markets than it is already: 70 % of drugs are imported, including 16 % of the United States, which represents nearly $ 9 billion.
Shawn Budgen’s main concern remains that a significant price. up to 200 %. would compromise Canadian price control mechanisms, such as the price of patented drugs and the Pan -Canadian pharmaceutical alliance, which he considers major assets for Canadians.
He adds that the application of such a significant price would have the involuntary consequence of increasing the. manufacturing cost of drugs on a global scale. which would exert pressure on the examination council so that it breaks his own rules and authorizes more expensive drugs
.
In the end, any increase in costs will be passed on to the consumer
says Ms. Ladouceur.
It is therefore a very difficult situation for these companies. because they american prices could increase price know that this could put them out of the consumer’s reach. However, drugs are essential to live healthy and sometimes even to save lives. They therefore fear that their products become unaffordable for those who need it most.
Donald Trump said there would be a time limit fora year.. a year and a half
After the taxation of customs duties so that companies can rehash which, according to Shawn Bugden, will not cause a sudden change in the consumer.
I do not think consumers have to worry about a price development tomorrow. Stay calm and do not imagine you have to run at the pharmacy to have your prescriptions renew.
I have confidence that Canadian institutions will do the best possible job in order to maintain prices. accessibility american prices could increase price for Canadians
supports Mr. Bugden.
With the information american prices could increase price of Justin Fiacconi
American prices could increase price
American prices could increase price
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