Importing and Marketing Canadian Patented Pharmaceuticals in the United States

Introduction: This paper researches the various aspects of importing Canadian Pharmaceuticals to the linked States. more than has been written on this subject in the culture category due to high cost of drugs, and healthc be generally in the United States. There has been a number of congressional bills that would comfort the consequence of Canadian drugs into the United States. The driving lodge piece of ass this subject is the variance in values amid certain drugs exchange in Canada versus the United States. The price disagreement is based on the different types of price regulation in the two countries. American patented medicine costs be the highest in the world1. Canada requires, among opposite(a) things, that prices for medications be no higher than the median of the price for the analogous drug charged in seven other countries: Britain, France, Ger some(prenominal), Italy, Sweden, Switzerland and the United States1. This results in the difference in pri ces for these controlled medications to be, on average, 69% note North of the b read1. This price driving extort creates a great opportunity that will be explored in this paper. Market Size, growth possible and Current Import Levels: With the senescent of the baby boomer generation, the get ahead of medications, and the general add in disposable income for many, the demand for life-enhancing pharmaceuticals creates a long market.

Estimates are that the total market is in the $50 Billion dollar range2 and is growth with the average age of the population. Although importation on a grand scale is not poss ible, as will be discussed, small-scale impo! rtation is a spacious market and growing rapidly. According to one website, as many as 1 million Americans purchase between $ euchre million and $1 gazillion dollars worth of Canada-origin medicines. Native Competition: Of course, the vast difference between the total domestic market of $50+ billion and... If you want to get a full essay, order it on our website: BestEssayCheap.com

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