Drugmakers file second court challenge to Canada's new drug price rules [Reuters]
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Source: Reuters
Drugmakers file second court challenge to Canada's new drug price rules - Reuters 3 Min Read TORONTO (Reuters) - Canada’s main pharmaceutical industry lobby group, along with 16 of its member companies, filed a lawsuit on Friday to block new regulations meant to lower patented drug prices, the second legal challenge to a new regime that could eventually reduce prices in the United States as well. Canada published the final regulations in August, despite heavy lobbying from drug companies, which stand to lose revenue as prices drop. The federal government estimates the new rules will save Canadian patients, employers and insurers, including governments, C$13.2 billion ($10 billion) over a decade. Friday’s lawsuit was filed in federal court and led by Innovative Medicines Canada (IMC), which represents major drugmakers in Canada. It is separate from a lawsuit filed last month and focuses on federal patent law, arguing that Canada cannot use regulations to “fundamentally alter” the role
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