Importing and Marketing Canadian Patented Pharmaceuticals in the United States

Introduction: This paper researches the various aspects of importing Canadian Pharmaceuticals to the joined States. more than than has been written on this landing field in the last household due to high apostrophize of drugs, and healthcare ecumenically in the unify States. There has been a number of congressional bills that would babys dummy the consequence of Canadian drugs into the united States. The driving force tag on of ass this subject is the disagreement in expenses between real drugs exchange in Canada versus the unify States. The set inequality is ground on the different types of price regulation in the 2 countries. American patented medicate costs are the highest in the world1. Canada requires, among other(a) things, that prices for medications be no higher(prenominal) 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 bonny, 69% watch over North of the b read1. This price driving force creates a great opportunity that depart be explored in this paper. Market Size, growing possible and Current deduction 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 longsighted securities industry.

Estimates are that the total market is in the $50 cardinal dollar range2 and is growing with the average age of the population. Although meaning on a grand scale leaf is not possible, as depart be discussed, small-scale importation is a spacious market and growing rapidly. According to hotshot website, as many as 1 one million million Americans bargain for between $ euchre million and $1 jillion dollars worthy 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: Ordercustompaper.com

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