cover image: Study on the impact of inflation on the generic pharmaceutical industry in Canada

20.500.12592/b997bk

Study on the impact of inflation on the generic pharmaceutical industry in Canada

13 Apr 2022

The European Union and the United the context of the 2021-2022 federal budget, the risks of States have recorded inflation rates of 5.3% and 7% over-stimulating the economy. [...] In this sense, the for both Quebec and Canada suggest that retirements will number of job vacancies in Canada reached 5.8% in the third exceed the arrival of new workers on the labour market for the quarter of 2021, twice the average of the last five years. [...] The COVID-19 pandemic has not affected the prescription Despite a decline in the second quarter, quarterly household drug market in the same way as the rest of the Canadian spending on drugs and pharmaceuticals in 2020 remained at economy. [...] Given the current global uncertainty and the surge imports a significant amount of active pharmaceutical in commodity prices following the war in Ukraine, the ingredients and drugs, it is particularly susceptible to an Canadian industry has very little visibility on the short- or increase in production costs due to the appreciation of the medium-term evolution of the current crisis, which potentia. [...] Cost inflation has affected the drug sector as early as 2021 The price regulation for patented medicines sets the price adjustment factor for a year based on the inflation in the economy as a whole in the previous year.

Authors

Aviseo

Pages
14
Published in
Canada