Exclusive: Facing crackdown in Canada, drugmakers offered billions in price cuts - Business Insights

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Wednesday, February 6, 2019

Exclusive: Facing crackdown in Canada, drugmakers offered billions in price cuts

Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters.
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