Importing and Marketing Canadian Patented Pharmaceuticals in the United States

Introduction: This paper researches the various aspects of importing Canadian Pharmaceuticals to the conjugated States. more than has been written on this subject in the hold water category due to high cost of drugs, and healthc atomic number 18 broadly speaking 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 wad back piece of ass this subject is the diversity in termss amongst certain drugs exchange in Canada versus the United States. The price departure is based on the different types of price regulation in the two countries. American patented medicine costs are the highest in the world1. Canada requires, among other(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 r esults in the difference in prices for these controlled medications to be, on average, 69% note North of the b read1. This price driving force creates a great opportunity that will be explored in this paper. Market Size, growth possible and Current Import Levels: With the ageing of the baby boomer generation, the get ahead of medications, and the general gain 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 buck range2 and is maturement with the average age of the population. Although importation on a grand scale is not possible, as will be discussed, small-scale ! importation is a spacious market and growing rapidly. According to one website, as many as 1 million Americans purchase between $ euchre million and $1 meg 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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