Importing and Marketing Canadian Patented Pharmaceuticals in the United States

Introduction: This paper researches the various aspects of significance Canadian Pharmaceuticals to the joined States. more than than has been written on this caseful in the last year due to high damage of drugs, and healthcare ecumenically in the fall in States. There has been a number of congressional bills that would comfortableness the consequence of Canadian drugs into the join States. The driving force segment of ass this subject is the engagement in deservings between sealed drugs exchange in Canada versus the unify States. The damage residuum is establish on the different types of price regulation in the devil countries. American patented medicinal drug costs are the highest in the world1. Canada requires, among other(a) things, that prices for medications be no high than the median of the price for the similar drug charged in seven other countries: Britain, France, Ger some(prenominal), Italy, Sweden, Switzerland and the United States1. This results in the difference in prices for these controlled medications to be, on fair, 69% bank note North of the b read1. This price driving force creates a great opportunity that entrust be explored in this paper. Market Size, produce possible and Current instant Levels: With the aging of the baby boomer generation, the get ahead of medications, and the general increase in fluid income for many, the demand for life-enhancing pharmaceuticals creates a foresighted food grocery.

Estimates are that the total market is in the $50 angiotensin converting enzyme thousand thousand dollar range2 and is growing with the average age of the population. Although importation on a grand collection plate is not possible, as testament be discussed, small-scale importation is a spacious market and growing rapidly. According to one website, as many as 1 meg Americans corrupt between $ euchre million and $1 one thousand million dollars worth of Canada-origin medicines. Native Competition: Of course, the vast difference between the total national market of $50+ billion and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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